Rates of return on Higher Education in Greece

Part of : Σπουδαί : journal of economics and business ; Vol.48, No.1-4, 1998, pages 157-168

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157-168
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Abstract:
This paper is concerned with cost-benefit analysis of Higher Education in Greece. Estimates are made of the private and social rates of return for both males and demales in five different subject groups, i.e. Economics, Law, Mathematics, Medical Sciences and Technical Sciences. The results show that males generally achieve higher returns than females. The private rates of return vary from approximately 17.3% to 7.4%, whereas the corresponding social rates of return appear to be lower, varying from 13.4% to 5.6%. In contrast with previous studies, the calculated rates of return have included estimates of the activities in the private sector and the black economy.
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Περιέχει παράρτημα πινάκων, υποσημειώσεις και βιβλιογραφία, The author would like to thank Dr David J. Pyle (University of Leicester) for helpful discussions and for reading the first draft of this paper.