Does schooling generate social returns in excess of the private returns captured by the individual who makes the human capital investment? As a strategy to detect human capital externalities I use Dutch survey data to estimate the impact of the average human capital stock in a region on...

This is the Final Report for the forward-looking evaluation on the future pre-accession financial instrument beyond 2013, commissioned by Directorate-General for Enlargement (DG ELARG) of the European Commission (EC). The work was carried out between December 2010 and May 2011 by the European...