The Externalities of Education Essay Example | Topics and Well Written Essays - 500 words - 2

The Externalities of Education - Essay Example ed belief that children who are educated in public schooling systems benefit the society (Friedman, 1993), in three forms; educated society, higher pays (Kling, 2008), and a diversity from socio-cultural aspects (Huylenbroeck, Vandermeule, Mettepenningen & Verspecht, 2007). Public education contributes to an educated society on the whole. A person who is well educated learns virtues and values from his education, enabling him to be a better citizen of the society (Friedman, 1993), e.g. a student who is taught not to steal even if he may be hungry or poor, generates externalities for the society by preventing crime. An educated citizen is also a better voter which also inturn contributes to the society in turn (Friedman, 1993). They make communities safer and better place, more likely to make good decision when electing a leader, low crime rates and higher living standards. Higher pays result from public schooling. Public schooling renders more children exposure and ability to educate themselves, provides opportunities to those who cannot afford education and propagates a system that results in closing the gap between rich and poor; thus contributing to higher indexes of education, leading to higher pay scales of public (Kling, 2008). The higher the pay scales, the better will be the ability of citizens to pay their taxes, expand businesses and hire more workers, thus contributing further to the society benefits. Public schooling affords a socio-cultural diversity to the educated community. People from ethnic and neglected backgrounds gain a chance at educating themselves thus improving their circumstances (Huylenbroeck, et. al, 2007). The cultural and socio economic diversity at these schools makes them ideal for children to gain experience of living together with children of versatile communities; furthermore it allows children to develop cognitively, socio-emotionally, and character wise (teendiversophy, 2006). Public K12 education based on the externalities