Returns to Investment in Education : A Decennial Review of the Global Literature
Returns to investment in education based on human capital theory have been estimated systematically since the 1950s. In the 60-plus year history of such estimates, there have been several compilations in the literature. This paper reviews and highl...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/442521523465644318/Returns-to-investment-in-education-a-decennial-review-of-the-global-literature http://hdl.handle.net/10986/29672 |
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okr-10986-296722022-09-20T00:12:26Z Returns to Investment in Education : A Decennial Review of the Global Literature Psacharopoulos, George Patrinos, Harry Anthony RETURNS TO EDUCATION EDUCATION INVESTMENT RATE OF RETURN SOCIAL RETURN SECONDARY EDUCATION SKILLED LABOR HUMAN CAPITAL INVESTMENT LIFETIME EARNINGS Returns to investment in education based on human capital theory have been estimated systematically since the 1950s. In the 60-plus year history of such estimates, there have been several compilations in the literature. This paper reviews and highlights the latest trends and patterns based on a database of 1,120 estimates in 139 countries. The review shows that the private average global rate of return to one extra year of schooling is about 9 percent a year and very stable over decades. Private returns to higher education have increased over time, raising issues of financing and equity. Social returns to schooling remain high, above 10 percent at the secondary and higher education levels. Women continue to experience higher average rates of return to schooling, showing that girls' education remains a priority. Returns are higher in low-income countries. Those employed in the private sector of the economy enjoy higher returns than those in the public sector, lending support to the productive value of education. 2018-04-12T18:48:56Z 2018-04-12T18:48:56Z 2018-04 Working Paper http://documents.worldbank.org/curated/en/442521523465644318/Returns-to-investment-in-education-a-decennial-review-of-the-global-literature http://hdl.handle.net/10986/29672 English Policy Research Working Paper;No. 8402 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
RETURNS TO EDUCATION EDUCATION INVESTMENT RATE OF RETURN SOCIAL RETURN SECONDARY EDUCATION SKILLED LABOR HUMAN CAPITAL INVESTMENT LIFETIME EARNINGS |
| spellingShingle |
RETURNS TO EDUCATION EDUCATION INVESTMENT RATE OF RETURN SOCIAL RETURN SECONDARY EDUCATION SKILLED LABOR HUMAN CAPITAL INVESTMENT LIFETIME EARNINGS Psacharopoulos, George Patrinos, Harry Anthony Returns to Investment in Education : A Decennial Review of the Global Literature |
| relation |
Policy Research Working Paper;No. 8402 |
| description |
Returns to investment in education based
on human capital theory have been estimated systematically
since the 1950s. In the 60-plus year history of such
estimates, there have been several compilations in the
literature. This paper reviews and highlights the latest
trends and patterns based on a database of 1,120 estimates
in 139 countries. The review shows that the private average
global rate of return to one extra year of schooling is
about 9 percent a year and very stable over decades. Private
returns to higher education have increased over time,
raising issues of financing and equity. Social returns to
schooling remain high, above 10 percent at the secondary and
higher education levels. Women continue to experience higher
average rates of return to schooling, showing that
girls' education remains a priority. Returns are higher
in low-income countries. Those employed in the private
sector of the economy enjoy higher returns than those in the
public sector, lending support to the productive value of education. |
| format |
Working Paper |
| author |
Psacharopoulos, George Patrinos, Harry Anthony |
| author_facet |
Psacharopoulos, George Patrinos, Harry Anthony |
| author_sort |
Psacharopoulos, George |
| title |
Returns to Investment in Education : A Decennial Review of the Global Literature |
| title_short |
Returns to Investment in Education : A Decennial Review of the Global Literature |
| title_full |
Returns to Investment in Education : A Decennial Review of the Global Literature |
| title_fullStr |
Returns to Investment in Education : A Decennial Review of the Global Literature |
| title_full_unstemmed |
Returns to Investment in Education : A Decennial Review of the Global Literature |
| title_sort |
returns to investment in education : a decennial review of the global literature |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/442521523465644318/Returns-to-investment-in-education-a-decennial-review-of-the-global-literature http://hdl.handle.net/10986/29672 |
| _version_ |
1764469943724670976 |