THE CASPIAN REGION:Politics, Economics, Culture

Scientific journal

The marginal rate of returns of investments in human capital and public policy

2013. 2, pp. 97-102

Zak Tatiana V.  - Ph.D. (Economics), Associate Professor, Astrakhan State University, 20a Tatishchev st., Astrakhan, 414056, Russia,,

The article is devoted to the main trends of the rate of profitability of investment in higher education. The main directions of the use of the indexes of the rate of marginal profitability in forming public educational policy are identified by the author. The author justifies the statement that the direct focus of public structures on these indexes leads to the distortions of incentives of private investors, the substitution of private resources by public resources, inefficient using public and private investments

Key words: marginal rate of returns,public policy,private and social rate of returns,earnings premiums from education,educational externalities