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What Are the Returns on Higher Education for Individuals and Countries?

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  • OECD

Abstract

Investing in higher (tertiary) education is one of the more significant decisions a person can take. In some countries, the direct costs of higher education can be large, often requiring a significant investment of an individual’s personal funds, either in up-front payments or loan repayments later on. Even in countries where the direct costs of higher education to an individual are much lower, such as Finland, Norway, and Turkey, the time invested in pursuing a degree – and the opportunity cost of foregone earnings while an individual is in school – can be a major factor. In light of the personal costs associated with pursuing a tertiary degree, how do the benefits compare? OECD analyses based on the most recent year of available data (2007 for most countries), suggest that as far as the long-term economic benefits of higher education are concerned, the return on investment is very good.

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  • Oecd, 2012. "What Are the Returns on Higher Education for Individuals and Countries?," Education Indicators in Focus 6, OECD Publishing.
  • Handle: RePEc:oec:eduaaf:6-en
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    File URL: http://dx.doi.org/10.1787/5k961l69d8tg-en
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    Cited by:

    1. Paul Benneworth & Mikolaj Herbst, 2015. "The City as a Focus for Human Capital Migration: Towards a Dynamic Analysis of University Human Capital Contributions," European Planning Studies, Taylor & Francis Journals, vol. 23(3), pages 452-474, March.

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