This paper uses a new data-set for cumulative national investment in formal schooling and a new instrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of…

This study is an analysis of the impact of the Los Rios Community College District on the economy of metropolitan Sacramento. This analysis measures business volume, employment, and individual income generated in the area as a result of the district's expenditures. The models used can be applied to other colleges to determine their impact on a…