IDEAS home Printed from https://ideas.repec.org/a/taf/edecon/v6y1998i3p309-346.html
   My bibliography  Save this article

Conceptual Framework for the Analysis of the Social Benefits of Lifelong Learnings

Author

Listed:
  • Walter McMahon

Abstract

This paper systematically identifies the market and non-market returns to education over the life cycle of gruaduates, as well as the social benefits externalities. It considers the most recent developments in the measurement and the valuation of these returns to additions to existing provisions for education and relates them to the costs. This is within the conceptual framework for lifelong learning defined by the graduate's life cycle, given that the capacity of graduates to learn later and to adapt is correlated with their prior schooling. The paper suggests that the capacity to finance lifelong learning depends on the capacity to identify and credibly measure these net social and private benefits, some of which are not well known and about which there is also misinformation. It also concludes that the capacity to finance education depends on political processes, which therefore are analyzed also, and on the capacity to build broad-based coalitions using knowledge about these marginal products.

Suggested Citation

  • Walter McMahon, 1998. "Conceptual Framework for the Analysis of the Social Benefits of Lifelong Learnings," Education Economics, Taylor & Francis Journals, vol. 6(3), pages 309-346.
  • Handle: RePEc:taf:edecon:v:6:y:1998:i:3:p:309-346
    DOI: 10.1080/09645299800000022
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/10.1080/09645299800000022
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dhaoui, Elwardi, 2015. "Incorporation de Nouvelles Variables dans le Modèle Mincerian dans un Contexte de Marché du Travail Segmenté : Application aux Données de la Tunisie
      [Incorporation of new variables into the Minceri
      ," MPRA Paper 61292, University Library of Munich, Germany.
    2. Yakovlev, Pavel & Leguizamon, Susane, 2012. "Ignorance is not bliss: On the role of education in subjective well-being," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(6), pages 806-815.
    3. Arias, Omar & McMahon, Walter W., 2001. "Dynamic rates of return to education in the U.S," Economics of Education Review, Elsevier, vol. 20(2), pages 121-138, April.
    4. Ongo Nkoa B. Emmanuel & Vukenkeng Andrew Wujung & Seppo Martin P. Emmanuel, 2014. "Mechanisms of the Influence of Human Capital on Economic Growth: A Panel Data Analysis of the CEMAC Region," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(5), pages 625-640, May.
    5. Boopen SEETANAH & viraiyan teeroovengadum, 2017. "Higher Education and Economic Growth: Evidence from Africa," Proceedings of Economics and Finance Conferences 4807254, International Institute of Social and Economic Sciences.
    6. Eugenia Fabra Florit & Luis Vila Lladosa, 2007. "Evaluation of the Effects of Education on Job Satisfaction: Independent Single-Equation vs. Structural Equation Models," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(2), pages 157-170, May.
    7. Fabra, M. Eugenia & Camisón, Cesar, 2009. "Direct and indirect effects of education on job satisfaction: A structural equation model for the Spanish case," Economics of Education Review, Elsevier, vol. 28(5), pages 600-610, October.
    8. Nuno Crespo & Nádia Simões & José Castro Pinto, 2013. "Determinant factors of job quality in Europe," Working Papers Series 2 13-01, ISCTE-IUL, Business Research Unit (BRU-IUL).
    9. Garcia-Aracil, Adela & Winter, Carolyn, 2006. "Gender and ethnicity differentials in school attainment and labor market earnings in Ecuador," World Development, Elsevier, vol. 34(2), pages 289-307, February.
    10. Floreani, Vincent Arthur, 2014. "Fixing Europe's youth unemployment and skills mismatch, can public financial support to SMEs be effective? The case of the European Commission and European Investment Bank joint initiatives," MPRA Paper 55849, University Library of Munich, Germany.

    More about this item

    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:taf:edecon:v:6:y:1998:i:3:p:309-346. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/CEDE20 .

    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.