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Rates Of Return To Tertiary Education In South Africa

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  • Kean, Helen

Abstract

South African research has found tertiary education to have the highest rate of return amongst levels of education. Measures of effectiveness of the large allocation by government are a crucial area of study relatively untapped. Income levels relative to level of education were found to have significant correlation with probability of entering into an income bracket of above R8 000 being 2.3 times higher with a tertiary degree. A sample of Rhodes University NSFAS funded students, analysed within the framework of a cost benefit equation, indicated the positive effect of government funding on rates of return.

Suggested Citation

  • Kean, Helen, 2009. "Rates Of Return To Tertiary Education In South Africa," Honours Students' Projects 98756, Rhodes University, Department of Economics and Economic History.
    • Handle: RePEc:ags:rudehp:98756
    DOI: 10.22004/ag.econ.98756
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    References listed on IDEAS

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    1. Heckman, James J. & Lochner, Lance J. & Todd, Petra E., 2006. "Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond," Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 1, chapter 7, pages 307-458, Elsevier.
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