Investment in Human Capital Through Post-Compulsory Education and Training Selected Efficiency and Equity Aspects

This paper examines various efficiency and equity aspects related to the skill acquisition of young people and older adults. The analysis suggests that such human capital investment is associated with significant labour-market gains for individuals, including higher post-tax earnings and better empl...

Full description

Bibliographic Details
Main Author: Blöndal, Sveinbjörn
Other Authors: Field, Simon, Girouard, Nathalie
Format: eBook
Language:English
Published: Paris OECD Publishing 2002
Series:OECD Economics Department Working Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
LEADER 02206nma a2200277 u 4500
001 EB001830546
003 EBX01000000000000000996992
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180616 ||| eng
100 1 |a Blöndal, Sveinbjörn 
245 0 0 |a Investment in Human Capital Through Post-Compulsory Education and Training  |h Elektronische Ressource  |b Selected Efficiency and Equity Aspects  |c Sveinbjörn, Blöndal, Simon, Field and Nathalie, Girouard 
246 2 1 |a Investissement en capital humain au travers de l'éducation et la formation post-obligatoires / Sveinbjörn, Blöndal, Simon, Field et Nathalie, Girouard 
246 3 1 |a Investissement en capital humain au travers de l'éducation et la formation post-obligatoires 
260 |a Paris  |b OECD Publishing  |c 2002 
300 |a 60 p.  |c 21 x 29.7cm 
653 |a Economics 
700 1 |a Field, Simon 
700 1 |a Girouard, Nathalie 
041 0 7 |a eng  |2 ISO 639-2 
989 |b OECD  |a OECD Books and Papers 
490 0 |a OECD Economics Department Working Papers 
024 8 |a /10.1787/778845424272 
856 4 0 |a oecd-ilibrary.org  |u https://doi.org/10.1787/778845424272  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper examines various efficiency and equity aspects related to the skill acquisition of young people and older adults. The analysis suggests that such human capital investment is associated with significant labour-market gains for individuals, including higher post-tax earnings and better employment prospects, which exceed the investment costs, mainly foregone earnings and tuition fees, by a significant margin. It also shows that the net benefits are strongly influenced by policy-related factors, such as study length, tuition subsidies and student support. Overall, the estimates reported in the paper indicate that there are strong incentives for the average student to continue studying beyond the compulsory schooling age, and also point to the benefits of such investment in education for society as a whole. However, the net gains fall with age, mainly reflecting a shorter period to take advantage of the benefits that come with education. Finally the paper notes that students ..