Economic and Social Benefits of Investment in Education
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چکیده
2.1 Investment in education has played a central role in Sri Lankan government policy for several generations. Key aims of public education policy have included: (i) enhancing economic equity; (ii) promoting inter-generational social mobility; (iii) increasing labor productivity and earnings through human capital accumulation; and (iv) producing a healthy and prosperous society. The economic and development policy literature identifies two important streams of social benefits that flow from investment in education, efficiency gains and equity improvements. This chapter analyzes the performance of the Sri Lankan education system in terms of both these streams of benefits, efficiency and equity. 2.1 Economic Benefits of Investment in Education: External Efficiency
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