What factors cause private and social benefits and costs for education to diverge in developing countries? Are optimal years of schooling selected from a private perspective the same as the optimal years of schooling selected from a social perspective among primary, secondary, and tertiary levels of education? Make sure to include graph

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In developing countries several factors contribute to the divergence between private and social benefits and costs for education 1 Income Inequality Developing countries often have high levels of inco... View the full answer