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Trends in returns to schooling: why governments should invest more in people’s skills

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Hellenic Scientific Institute Economics of Education & Lifelong Learning, of Research & Innovation   

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Education, Lifelong Learning, RnD, Innovation and Economy  | ΕΚΤ eProceedings   

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Trends in returns to schooling: why governments should invest more in people’s skills (EN)
Patrinos, Harry
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Άρθρο από Ομότιμους Αξιολογητές (EL)
2017-05-11
One of the biggest economic benefits of schooling are labor market earnings. For many people, education and experience are their only assets. This is why I believe that it’s very important to know the economic benefits of investments in schooling. The rate of return equates the value of lifetime earnings to the net present value of costs of education. For an investment to be justified, the returns should be positive and higher than the alternative. For the individual, weighing costs and benefits means investing as long as the rate of return exceeds the private discount rate. (EN)
Εκπαίδευση, Δια Βίου Μάθηση, Έρευνα και Τεχνολογική Ανάπτυξη, Καινοτομία και Οικονομία
English
Hellenic Scientific Institute Economics of Education & Lifelong Learning, of Research & In (EL)
2529-2153
Εκπαίδευση, Δια Βίου Μάθηση, Έρευνα και Τεχνολογική Ανάπτυξη, Καινοτομία και Οικονομία; Τόμ. 1 (2016); 261-263 (EL)
Education, Lifelong Learning, R&D, Innovation and Economy; Vol. 1 (2016); 261-263 (EN)
Πνευματική ιδιοκτησία (c) 2017 Harry Patrinos (EL)
Hellenic Scientific Institute Economics of Education & Lifelong Learning, of Research & Innovation
Education, Lifelong Learning, RnD, Innovation and Economy
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