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Seminar paper from the year 2018 in the subject Business economics - Economic and Social History, grade: 1, , language: English, abstract: Educational expansion is usually given paramount consideration in the modern society. It is the dream of every parent to ensure his child acquires higher education. This desire has led to an immense expansion higher education in the United States over the twentieth century. It is explicit that higher education bears a wide range of benefits to individuals, as well as the government. Foremost, individuals with higher education benefit from what is referred to as positive selection. A utility maximization paradigm based on economic factors holds that attain...
First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.