The past decade has seen increased attention to cost-effectiveness and benefit-cost analysis in education as administrators are being asked to accomplish more with the same or even fewer resources, philanthropists are keen to calculate their "return on investment" in social programs, and the...

"Highlights costs of inadequate education, attaching hard numbers to the relationship between educational attainment and critical indicators as income, health, crime, dependence on public assistance, and political participation. Explores policy interventions to boost the education system's...