چکیده (انگلیسی):

Public rates of return on higher education expenditures are calculated by state. Benefits accruing
to states from their investments in higher education are measured by differential tax revenues
collected from college-educated citizens versus high-school-educated citizens. For most states we
find an adequate rate of return on such investments. However, we conclude that in addition to
monetary returns, state governments likely consider other factors when deciding upon expending
resources for higher education needs