ERIC Number: ED034056
Record Type: RIE
Publication Date: 1969-Aug
Reference Count: 0
Cost Benefit Analysis--Trade and Technical Education. Final Report.
Reinhart, Bruce; Blomgren, Glen H.
This report contains introductory material on cost-benefit analysis, reviews of cost benefit studies by Andrew J. Corazzini and by Jacob J. Kaufman and others, a discussion of the basic concepts of cost-benefit analysis, and a discussion of two possible approaches to cost-benefit analysis of vocational education: (1) vocational versus academic education, and (2) vocational versus vocational education, which includes on-the-job training costs for graduates of the various curriculums. The report concludes: (1) The typical study thus far has been limited in scope; an implicit problem has been that of comparing different means as alternate means to the same ends, (2) The vocational versus vocational education approach would render unlike curriculums comparable, and (3) Cost-benefit analysis is a useful decisional tool for allocating funds, but it assesses only the economic efficiency of a program. A plan for a possible cost-benefit analysis study of vocational education is presented in the appendix. (JK)
Publication Type: N/A
Education Level: N/A
Sponsor: California State Dept. of Education, Sacramento. Bureau of Industrial Education.
Authoring Institution: California Univ., Los Angeles. Div. of Vocational Education.