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ERIC Number: ED081341
Record Type: RIE
Publication Date: 1972-Oct
Pages: 34
Abstractor: N/A
Reference Count: 0
The Return to Investments in Higher Education Revisited.
Wachtel, Paul
Estimates of the rate of return to college frequently omit any reference to differences in investment costs among schools. The return to investments in higher education for a sample of individuals is estimated with specific cost data for each college attended by the respondents. Results show that the variation in investment costs among colleges is an important determinant of earnings. In addition, the estimated rates of return to schooling are lower when all costs are considered, than when years of schooling is used as a proxy for all investment costs. This supports the hypothesis that students with higher earning potential invest more per year of school. Finally, large differences in rates of returns on direct and indirect components of investment are observed. (Author/MJM)
Paul Wachtel, c/o The Graduate School of Business Administration, New York University, 100 Trinity Place, New York, N.Y. 10006
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: New York Univ., NY. Graduate School of Business Administration.