Corpus ID: 153736169

Investment in education: Some lessons from the international evidence for the Baltic states

@inproceedings{Gundlach1999InvestmentIE,
  title={Investment in education: Some lessons from the international evidence for the Baltic states},
  author={Erich Gundlach},
  year={1999}
}
  • Erich Gundlach
  • Published 1999
  • Economics
  • The international empirical evidence on the economics of education reveals one central insight and two puzzles, which are all relevant for the case of the Baltic States. The central insight is that social rates of return to education tend to be higher than the social opportunity costs of capital, except for the case of higher education. Based on this microeconomic evidence, the case for public investment in education is well founded, especially at the primary and the secondary levels. The first… CONTINUE READING

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