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Rates of Return to Eduation in Asia: A Review of the Evidence

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  • Paul Bennell

Abstract

At regular intervals during the past 20 years, George Psacharopoulos has presented aggregate rates of return (RORs) to investments in education for each major geographical region. He argues forcibly that clear global ROR patterns are discernible. Perhaps the most well known of these is that the aggregate social RORs to primary education are consistently the highest throughout the world. However, by carfully scrutinizing the original ROR estimates, this article shows that none of his ROR patterns exists in Asia.

Suggested Citation

  • Paul Bennell, 1998. "Rates of Return to Eduation in Asia: A Review of the Evidence," Education Economics, Taylor & Francis Journals, vol. 6(2), pages 107-120.
    • Handle: RePEc:taf:edecon:v:6:y:1998:i:2:p:107-120
    DOI: 10.1080/09645299800000010
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    1. Psacharopoulos, George, 1994. "Returns to investment in education: A global update," World Development, Elsevier, vol. 22(9), pages 1325-1343, September.
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    1. M. C. Navarro-Perez & J. M. Serrano-Sanz, 2002. "Evaluating Educational Output: An Estimation Method Based on Cross-Section Data," Education Economics, Taylor & Francis Journals, vol. 10(1), pages 71-95.
    2. World Bank, 2000. "Bangladesh : Education Sector Review, Volume 1," World Bank Publications - Reports 15250, The World Bank Group.
    3. Gibson, John & Fatai, Osaiasi Koliniusi, 2006. "Subsidies, selectivity and the returns to education in urban Papua New Guinea," Economics of Education Review, Elsevier, vol. 25(2), pages 133-146, April.
    4. Jörg MAYER, 2000. "Globalization, Technology Tranfer And Skill Accumulation In Low-Income Countries," UNCTAD Discussion Papers 150, United Nations Conference on Trade and Development.
    5. Geeta Gandhi Kingdon & Jeemol Unni, 2001. "Education and Women's Labour Market Outcomes in India," Education Economics, Taylor & Francis Journals, vol. 9(2), pages 173-195.

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