Education in the United States has a foundational public purpose: to prepare students for effective citizenship. The idea that an educated and engaged citizenry is essential to the health of a democracy motivated the creation of government-run "common schools" in the early decades of the nation and remains an important value in modern…

It is possible that human capital produces positive externalities to the society indirectly, through non-market channels such as health or crime. Another such channel could be the effect of education on the functioning of democratic decision-making. Measures of the functioning of democracy are bound to be controversial, but one such measure--voter…