income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to … with only moderately higher lifetime income compared to compulsory education, and the entire difference is due to …

revenue, which is spent for public goods (including education) and transfers (for poverty reduction). The efficient design of … the education system (by private and public education investments) determines the quality of the human capital stock as … consumption and saving. An efficient tax and transfer system being accompanied by an education system financed in public private …

income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to … with only moderately higher lifetime income compared to compulsory education, and the entire difference is due to …

The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling …