Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The … existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an … approach that yields positive average human capital externalities if and only if the marginal social product of workers with …

This paper models the tradeoffs between education in secular subjects, formal and informal, and the formation of … religion-specific human capital. It explores some implications of negative externalities between religious and secular … education. Applications include the tension between science and religion during the European Enlightenment and the development …

returns ; education externalities ; contingent valuation ; earnings …Much is known about private returns to education in the form of higher earnings. Less is known about social value, over … and above the private, market value. Associations between education and socially-desirable outcomes are strong, but …