Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an individu… - Nicholas Barr

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Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an individual's investment in education confers a 'dividend' on future taxpayers.

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About Nicholas Barr

Nicholas Barr FRSA is a British economist, currently serving as professor of public economics at the London School of Economics (LSE). He received his Ph.D. in Economics as a Fulbright Scholar from the University of California and his MSc in Economics from LSE.

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Unless the countries of East Asia are very different, rising incomes and the weakening of extended family ties will lead to demands for rising social expenditure.

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