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A note on the rate of return to investment in education in Belgium

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  • Walter Nonneman
  • Isabelle Cortens

Abstract

Internal rates on return to investment in higher secondary, university and non-university higher education in Belgium (1992) are presented. Private, social and fiscal returns are distinguished. Private and social returns are low for secondary education, but substantially higher than long-run returns of investment in physical capital. Returns for females are systematically higher than those for males. A remarkable finding is that social returns are higher than private returns, indicating a net-tax on educational investment rather than a net-subsidy. Fiscal returns are particularly high for tertiary education implying no reverse redistributive effects.

Suggested Citation

  • Walter Nonneman & Isabelle Cortens, 1997. "A note on the rate of return to investment in education in Belgium," Applied Economics Letters, Taylor & Francis Journals, vol. 4(3), pages 167-171.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:3:p:167-171
    DOI: 10.1080/135048597355447
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    References listed on IDEAS

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    1. David Card, 1994. "Earnings, Schooling, and Ability Revisited," Working Papers 710, Princeton University, Department of Economics, Industrial Relations Section..
    2. David Card, 1994. "Earnings, Schooling, and Ability Revisited," Working Papers 710, Princeton University, Department of Economics, Industrial Relations Section..
    3. Mark Blaug, 1987. "The Economics of Education and the Education of an Economist," Books, Edward Elgar Publishing, number 48, June.
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    Cited by:

    1. Darragh Flannery & Cathal O'Donoghue, 2012. "Utilising microsimulation to estimate new marginal returns to education: Ireland 1987-2011," Working Papers WP042012, University of Limerick, Department of Economics, revised Oct 2012.
    2. Anchor, John R. & Fiserová, Jana & Mars[iota]ková, Katerina & Urbánek, Václav, 2011. "Student expectations of the financial returns to higher education in the Czech Republic and England: Evidence from business schools," Economics of Education Review, Elsevier, vol. 30(4), pages 673-681, August.
    3. Friedhelm Pfeiffer & Holger Stichnoth, 2021. "Fiscal and individual rates of return to university education with and without graduation," Applied Economics Letters, Taylor & Francis Journals, vol. 28(16), pages 1432-1435, September.
    4. Pavla Rehorova, 2010. "Education And Gender Equity: Evidence From The Czech Republic And Uk," Business Education and Accreditation, The Institute for Business and Finance Research, vol. 2(1), pages 105-119.

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