IDEAS home Printed from https://ideas.repec.org/a/and/journl/v12y2012i2p69-86.html
   My bibliography  Save this article

The Returns Of Education Investments: A Research For Anadolu University Social Sciences Faculties Graduates

Author

Listed:
  • Ceyda Ozsoy
  • Arda Surmeli

    () (Anadolu University
    Anadolu University)

Abstract

Education is one of the most important elements of human capital that determines economic development at macro level and individual income at micro level. For this reason, spending on education is an investment, whether it is done by individuals or by the state. Evaluation of education as an investment brings the question to mind-"What is the return on this investment, compared to other alternative investments?" Return on investments in education is calculated by taking into consideration the education expenditures made during the training, opportunity cost of time spent on education and expectations of future returns. The purpose of this study is to calculate the private rate of return on their investment for the university training of graduate students from faculty of humanities, faculty of education, faculty of law, faculty of communication sciences and faculty of economics and administrative sciences providing education at the undergraduate level of Eskisehir Anadolu University. For this purpose, a survey was made to those who has graduated from these faculties between the years 1999-2009 and the return on higher education were calculated in respect to the data obtained. A cost-benefit analysis method was used for calculating the internal rate of return. As a result of research, among related faculties, the highest return on education investment was found to be law school faculty. Respectively faculty of communication sciences, faculty of economic and administrative sciences, faculty of education and faculty of humanities followed this.

Suggested Citation

  • Ceyda Ozsoy & Arda Surmeli, 2012. "The Returns Of Education Investments: A Research For Anadolu University Social Sciences Faculties Graduates," Anadolu University Journal of Social Sciences, Anadolu University, vol. 12(2), pages 69-86, June.
  • Handle: RePEc:and:journl:v:12:y:2012:i:2:p:69-86
    as

    Download full text from publisher

    File URL: http://www.anadolu.edu.tr/arastirma/hakemli_dergiler/sosyal_bilimler/pdf/2012_2/2012-02-06.pdf
    Download Restriction: no

    More about this item

    Keywords

    Education; the rate of return analysis; returns of education investments; the internal rate of return.;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:and:journl:v:12:y:2012:i:2:p:69-86. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Social Sciences Institute). General contact details of provider: http://edirc.repec.org/data/iianatr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.