The Economic and Social Benefits of Public Schools
26 August 2023
The Economic and Social Benefits of Public Schools The Case for Investing in Public Schools: The Economic and Social Benefits of Public Schooling in Australia By Eliza Littleton, Fiona Macdonald, and Jim Stanford The Centre for Future Work at the Australia Institute August 2023 The Economic and Social Benefits of Public Schools 1 About The Australia Institute About the Centre for Future Work The A. [...] However, in weighing the costs and benefits of incremental fiscal support for public schooling, it is vital that governments fully consider the significant and far- reaching benefits of stronger public education for economic activity, future productivity and earnings, and the long-run health and well-being of our communities. [...] The Economic and Social Benefits of Public Schools 19 The Economic Footprint of Public Schools This section of the report considers and estimates the various channels of current economic activity generated by government spending on public schools. [...] The Economic and Social Benefits of Public Schools 26 Labour Market and Productivity Benefits Perhaps the most important channel of economic benefits arising from the provision of public school education, is the lasting impact on the employment and earnings capacities of the students who are educated in public schools. [...] Earlier sections of this report described the current economic footprint of public schools, including the number of current employees, the resulting indirect demand for purchases from businesses which provide inputs and materials to the education sector, and the induced demand for the full range of consumer goods and services arising from the additional jobs and income enjoyed as a result of expan.