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ERIC Number: ED061616
Record Type: RIE
Publication Date: 1972-Apr
Pages: 26
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
Implementing Cost-Benefit Research in Education.
Kraft, Richard H. P.
Investment in education is as important to economic development as investment in physical capital. A cost-benefit analysis of education in Korea indicated that the rate of return for middle school education (20.0 percent) is significantly higher than that for high school (11.2 percent) and for college and university graduates (9.5 percent). There are important implications in this and other economic and manpower considerations for governmental and educational decisionmakers in Korea. Based on economic criteria, it is concluded that the expansion of middle schools should be given high priority. Social and humane arguments support this contention. (Author)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A
Identifiers: Korea
Note: Paper presented at American Educational Research Association Annual Meeting. (57th, Chicago, Illinois, April 3-7, 1972)