Returns to Investment in Education¶
Psacharopoulos, G., & Patrinos, H. A. (2018). Returns to Investment in Education: A Decennial Review of the Global Literature. Education Economics.
Cited by¶
1 citation across 1 artifact.
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Domain-specific¶
- Human Capital
- The schooling coefficient r is read directly as an internal rate of return to a year of education — across many datasets it has come out around 9% per year in global averages (8.8-9.5%), with regional averages ranging from roughly 5.7% to 11.0%
This sourcePsacharopoulos and Patrinos's decennial review of 1,120 estimates from 139 countries, which puts the average private return to a year of schooling at 8.8 to 9.5 per cent and stable over decades, with regional averages running from 5.7 per cent in the Middle East and North Africa to 11.0 per cent in Latin America and the Caribbean.
SupportedVerified against the source
- The schooling coefficient r is read directly as an internal rate of return to a year of education — across many datasets it has come out around 9% per year in global averages (8.8-9.5%), with regional averages ranging from roughly 5.7% to 11.0%
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