The Payoff of Higher Education: Benefits From Expanding Enrollments at the University of Memphis
Business Perspectives › Vol. 16 Nbr. 3, October 2004
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Summary
There are multiple benefits to an individual and society for investments in higher education. The state benefits in the form of higher taxes, while society benefits in the form of an educated population. The financial benefits from an individual's decision to invest in higher education accrue not only to the individual, but also to Tennessee's businesses through greater spending and to all citizens of the state through increased tax revenue. Given the important contribution that the University of Memphis makes in defining the economic and social conditions in Memphis and the Mid-South, it is critical that the state of Tennessee and the communities in the Mid-South support the University.
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The Payoff of Higher Education: Benefits From Expanding Enrollments at the University of Memphis
There are many reasons why people attend a university. Some are related to consumption and are linked to the desire to learn or encounter all the things that encompass the "university experience." Others view college as the pathway to a career, and the impact that attending a university has on lifetime earnings is a measure of success. For those people who are inclined toward viewing the university experience as a method to improve their productivity, economic impact analysis measures the cost and benefits of investments in higher education and calculates a rate of return that is comparable to the return on other investments. In general, investments in higher education...
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