DOES SPENDING MONEY ON EDUCATION HELP?

Spending money to save money.

t is a challenging time to be taking up the reins of Sexually Transmitted Infections. After a prolonged period of decline, there are epidemics of bacterial STIs in the United Kingdom and Western Europe, including outbreaks of syphilis. HIV continues to escalate; the prevalence of HIV is escalating due to persistent or rising incidence combined with increased survival. Globally we face major epi...

Does Government Spending on Education Promote Growth and Schooling Returns?

Since human capital is a major driver of growth, the conventional wisdom suggests that the government should direct more resources to education. However, surprisingly the cross country data show little positive correlation between growth and public spending on education. In fact, the pattern is rather puzzling. Public spending on education tends to depress schooling return. The relationship bet...

Spending money on others promotes happiness.

Although much research has examined the effect of income on happiness, we suggest that how people spend their money may be at least as important as how much money they earn. Specifically, we hypothesized that spending money on other people may have a more positive impact on happiness than spending money on oneself. Providing converging evidence for this hypothesis, we found that spending more o...

Saving money by spending more.

Child Mortality and Public Spending on Health: How Much Does Money Matter?

Abstra ct W e u se cross-na tiona l d a ta to exa m ine the im pa ct of both non-hea lth fa ctors (econom ic, edu ca tiona l, cu ltu ra l) a nd pu b lic spending on hea lth in determ ining child (u nder-5) a nd infa nt m orta lity. There a re tw o strik ing finding s. First, ninety-five percent of cross-na tiona l va ria tion in m orta lity ca n be expla ined by a cou ntry’s incom e per ca pita...