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dc.contributor.authorTrostel, Philip A.
dc.date.accessioned2010-05-04T22:10:11Z
dc.date.available2010-05-04T22:10:11Z
dc.date.issued2007-11
dc.identifier.urihttp://digital.library.wisc.edu/1793/43575
dc.description.abstractThis study quantifies the fiscal benefits associated with greater college attainment, one important part of the economic return to public investment in college education. College graduates generally pay much more in taxes than those not going to college, and government expenditures are also generally much less for college graduates than for those without a college education. Indeed, over an average lifetime, total government spending per college degree is negative. That is, direct savings in post-college government expenditures are greater than government expenditures on higher education. Plus, the direct extra tax revenues from college graduates alone are more than six times the gross government cost per college degree. Thus, in addition to the many other benefits from higher education, public financial support of college education pays for itself many times over. The fiscal effects from college attainment are estimated for numerous federal, state, and local taxes and expenditures. The average annual real internal rate of return on government investment in college students is estimated to be 10.3%.en
dc.subjectFinance and Economicsen
dc.titleThe Fiscal Impacts of College Attainmenten
dc.typeWorking Paperen


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