Social Sciences
4 years ago

Poland's Education Yields High Private and Social Returns, Outpacing Europe.

RePEc: Research Papers in Economics
External Return to Education in Poland
Paweł Strawiński

Paper Summary

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The article discusses the benefits of education in Poland. By using a comparative advantage theory, the researchers found that the private rate of return to education is over 7% annually, making it one of the highest in Europe. Additionally, there is an extra 1.5% social return to higher education. This means that investing in education not only benefits individuals but also society as a whole.