Analysis of Rate of Return to Investment in Education

The use of educational cost-benefit analysis is now widely accepted and has definite advantages although there is also considerable unease over its use. CBA has been applied to people as human capital, to assess the rates of return to investment in education. Information in this book is useful for understanding individuals' decisions on whether to attend university and overall trends in participation in university education;It provides policy-makers with a measure of the value of providing extra funds to higher education relative to expenditure in other sectors.The benefits of a degree program should be seen in the light of how much it costs in terms of money, time and what the learner could have been doing.From a company level, the returns in terms of improved skills and higher productivity will identify the benefits of education to Companies. Estimates of the rates of return for lifelong learning and Learning-on-the job will allow an assessment of whether it is worth for a company to engage in this type of investment.Educational managers, learners, policy makers and all other sectors will benefit from the information given in this book.

Autorentext

Redempta Kyalo and Dr. Ndunge Kyalo are lecturers in the University of Nairobi.This book will assist individuals in deciding whether it is optimal to undertake additional education depending on profit from investment in education through higher wages and jobs Find out the cost a specific education program or degree would yield before enrollment.