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James Heckman on human capital development

FT Alphachat

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The Rate of Return of Public Sector Investment

We know that taxation can distort the economy. That's the premise of the latest tax cut, trying to reduce taxation. We incorporate say, suppose this is all publicly funded and it causes this distortion. And looking at that rate of return, that does also sort of depend on following up with the kids later on,. You know, around 30, you guys actually followed it out to 30, which would say your research.

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