Tag: rates of return
The key messages from this topic guide are: Education economics starts from the basis that there are returns to education that increase the wealth and well-being of the educated. Economists view education as a merit good, in that there are externalities or spillovers, meaning returns to education benefit others beyond the person being educated. Government/public… Read more
The importance of the Malawi Education Sector Reform Programme impact, improved learning outcomes manifested through enhanced quality education, lies at the centre of economic growth theory as well as education economics. Education economists treat expenditures on education as investment flows that build human capital, generating increased income and growth. Macroeconomists have demonstrated that sustainable long… Read more
Different estimates of returns were identified which are useful in looking at the value of early childhood interventions and secondary education but are not directly comparable. It is difficult to draw conclusions from the different data reported due to difference in methodologies, timelines and countries. In some reports there are different data for social and… Read more