A theoretical assessment of regional development effects on the demand for general education

This study addresses a prospective aspect of general education: through general education, people obtain information about returns to their future specific education, thereby enabling them to choose fields in which they excel. According to that property of education, this paper presents a theoretical framework as a basis for understanding effects of regional development on the demand for general education. Results suggest that the demand for general education depends on the variety of specific skills in the regional labor market.