Abstract
Higher education can produce an array of economic benefits. This paper analyzes two dimensions of benefits. First, the relationship between education and earnings. Second, the relationship between education and household economic welfare. The results show that both individuals and households benefit considerably from investment in education, and especially higher education. The paper then examines public investment in education. Several different models of higher education financing in the world are presented. The paper concludes by discussing several options for expanding investment in higher education in Sri Lanka through the promotion of public-private partnerships, which is a topical concern in the country. Sri Lanka Journal of Advanced Social Studies Vol. 2 - No.1 Page 47-65 DOI: http://dx.doi.org/10.4038/sljass.v2i1.5118
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