ERIC Number: ED471022
Record Type: RIE
Publication Date: 1993
Educational Cost-Benefit Analysis. Education Research Paper. Knowledge & Research.
Hough, J. R.
The use of educational cost-benefit analysis (CBA) is now widely accepted, not least in connection with the development of education systems in Third World countries. It has much to recommend it and is widely seen as preferable, both in theory and in practice, to the major alternative techniques, namely manpower planning and the social-demand approach. However, there is considerable unease over its use. This paper reviews the current state of thinking relating to educational cost-benefit analysis and suggests a number of possible modifications. It consists of 13 chapters: (1) "Introduction"; (2) "Definition"; (3) "Development"; (4) "Methodology"; (5) "An Alternative Approach to Rates-of-Return"; (6) "Other Techniques in Educational Planning"; (7) "Some Cost-Benefit Results"; (8)"CBA in Third World Countries: Earlier Findings"; (9) "CBA in Third World Countries: More Recent Studies"; (10) "Criticisms of CBA in Third World Countries"; (11) "The Educational Effectiveness Literature"; (12) "The Comparative Education Literature"; and (13) "Towards a New Approach to Cost-Benefit Analysis." Appendix 1 contains the project proposal provided by the Overseas Development Administration; Appendix 2 lists returns to investment in education by level and country; and Appendix 3 is the bibliography. (Contains 81 references.) (RT)
Descriptors: Cost Effectiveness, Developing Nations, Educational Finance, Elementary Secondary Education, Foreign Countries, Literature Reviews
Department for International Development, 1 Palace Street, London SW1E 5HE. Tel: +44 (0) 20 7023 0000; Fax: +44 (0) 20 7023 0019; e-mail: firstname.lastname@example.org; Web site: http://www.dfid.gov.uk/.
Publication Type: Information Analyses
Education Level: N/A
Authoring Institution: Department for International Development, London (England).
Grant or Contract Numbers: N/A