ERIC Number: ED101615
Record Type: RIE
Publication Date: 1973
Reference Count: N/A
Returns to Education: An International Comparison. Studies on Education; Vol. 2.
Psacharopoulos, George; Hinchliffe, Keith
Since the education boom of the sixties enough time has passed for estimates to be made of the profitability of such a highly speculative investment of human capital. Only from these sources of information can we determine future education and manpower, and develop human resources. Returns to education are clearly visible, whether they differ between rich and poor countries or with the returns to physical capital. Empirical evidence was gathered in 53 case studies in 32 countries and collated into a concise reference form. Through econometric analysis an attempt was made to find existing regularities between the returns to education and other characteristics of the countries involved, such as the brain drain, the distribution of earnings, levels and costs of education and the ease of substitution among different types of educated labor. About 200 bibliographic entries, 46 tables, 8 appendixes and a thorough index (subject-author-country) make this book a valuable reference tool in the subject. (MJM)
Descriptors: Case Studies, Educational Benefits, Educational Economics, Educational Finance, Foreign Countries, Higher Education, Human Capital, Socioeconomic Status
Elsevier Scientific Publishing Company, Inc., 52 Vanderbilt Avenue, New York, New York 10017 ($10.75)
Publication Type: Books
Education Level: N/A
Authoring Institution: Elsevier Scientific Publishing Co., New York, NY.