This article complements the one written by George Psacharopoulos. It builds on the market returns to education that are measured by increments to earnings and to pure economic growth. It considers the additional nonmarket private returns to education, but it also considers the social benefits of education that benefit others in the community and…

This paper considers the relation of education and of scientific and technical knowledge developed through research and development to labor productivity growth within the medium term. The empirical significance of sources of productivity growth is tested using data for the United States and 14 other nations. (Author/MLF)

Presents a summary of research on key aspects of the indirect effects of expanding education from grade six through grade nine, followed by a comprehensive analysis of social rates of return to investment in all levels of education in Indonesia and underemployment in urban and rural areas. (three figures, nine tables, 33 references) (MLF)

Applies production functions with education externalities to East Asia, testing for net effects of policy differences concerning enrollments vs. expenditures and for feedbacks through education's effects on rates of physical and capital investment. Since most countries had universal primary education early, the rate of secondary-education…