ERIC Number: ED113603
Record Type: Non-Journal
Publication Date: 1975-Feb
Reference Count: N/A
Vocational Education Planning Districts in Ohio. An Economic Evaluation of Foregone Benefits from Limited Participation.
Ghazalah, I. A.
The study addresses itself to the evaluation of the net social benefits from participation in vocational education at the senior high school level in the State of Ohio. Viewed as an investment in human capital, vocational programs were evaluated in order to estimate the excess of social benefits over social costs that accrue from training an individual in any of the programs offered. Benefits were measured in terms of (1) contributions to the value of goods and services produced in the economy over the individual's working lifetime as a result of completing a vocational program and (2) costs, in terms of the value of the goods and services that had to be given up in order to provide the training. The results for the sample vocational education planning districts were then used to obtain similar estimates for the State's remaining 103 vocational education planning districts. The computed estimates indicated that increasing the participation rate by senior high school students in vocational education programs to 40 percent of average daily membership in all of the vocational education planning districts would result in a statewide increase in net social benefits amounting to a minimum of $108,918,528 and a maximum of $326,951,424. (Author/NJ)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Bureau of Occupational and Adult Education (DHEW/OE), Washington, DC.
Authoring Institution: Ohio State Dept. of Education, Columbus. Div. of Vocational Education.
Identifiers - Location: Ohio