Tag
education_economics
2 findings
EducationHousehold Input SubstitutionIn Year 2 of the Indian experiment, household education spending dropped by 0.76 dollars for every 1 dollar of anticipated school funding (elasticity of -0.21, p < 0.01), demonstrating substantial crowding out of 50% to 100%.RCTEducationRapid Benefit-to-Cost Payback Period for Holistic SupportProgram participation increases estimated participant earnings by $1,326 annually ($7,050 associate degree premium x 0.16 + $2,200 partial college premium x 0.09), fully covering total three-year program expenditures in 4.25 years of post-schooling employment.Expert Theory