A Waste of Resources? Social Rates of Return to Higher Education in the 1990s.
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| Title: | A Waste of Resources? Social Rates of Return to Higher Education in the 1990s. |
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| Language: | English |
| Authors: | Ashworth, John |
| Source: | Education Economics. Apr 1998 6(1):27-44. |
| Peer Reviewed: | Y |
| Page Count: | 18 |
| Publication Date: | 1998 |
| Document Type: | Journal Articles Reports - Evaluative |
| Descriptors: | Economic Factors, Educational Development, Foreign Countries, Higher Education, Human Capital, Program Effectiveness, Resource Allocation |
| Geographic Terms: | United Kingdom |
| ISSN: | 0964-5292 |
| Abstract: | Demonstrates that popular assertions regarding the social benefits of additional higher education are dubious. Reveals four decisive factors: presumed economic growth; changes in graduates' and nongraduates' relative earnings; differences between the marginal and average student; and belief in scale economies. Unless economic growth favors graduates, society's reward is too low to justify further expansion of higher education. (100 references) (MLH) |
| Entry Date: | 1999 |
| Accession Number: | EJ567344 |
| Database: | ERIC |
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| Abstract: | Demonstrates that popular assertions regarding the social benefits of additional higher education are dubious. Reveals four decisive factors: presumed economic growth; changes in graduates' and nongraduates' relative earnings; differences between the marginal and average student; and belief in scale economies. Unless economic growth favors graduates, society's reward is too low to justify further expansion of higher education. (100 references) (MLH) |
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| ISSN: | 0964-5292 |
