Private costs and the rate of return to primary education
The paper suggests that typical estimates of returns to primary education are over-estimated, because import costs to individuals are excluded. In calculations with Honduran data, private returns are found to drop significantly when private costs are included. It is suggested that lower private rates of return are consistent with low educational attainment in many developing countries.
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Volume (Year): 6 (1999)
Issue (Month): 11 ()
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