Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback23 pages $20.00 $16.00 20% Web Discount

Examines the theoretical difficulties inherent in basing social investment decisions solely on considerations involving the additional tax payments and tax receipts the investment generates. It has often been suggested that it may be appropriate to evaluate the social costs of government investments by the tax payments required to finance the investment and to value the social benefits by the tax receipts that result from the additional income attributed to the investment. The conceptual issues raised here are quite general and could be applied to a wide variety of government financed investments, but in this paper it is applied to manpower training programs. More precisely, the paper will investigate the conditions under which the true social cost/benefit ratio is related to a cost/benefit ratio where costs are defined only as the tax dollars used to finance manpower programs and benefits are defined as the tax receipts from the net earnings gains due to the manpower program. 23 pp.

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.