Economic Benefits of Higher Education in Ethiopia: A Benefit-Cost Ratio Analysis

Autor/in	Demissie, Mesfin Molla
Titel	Economic Benefits of Higher Education in Ethiopia: A Benefit-Cost Ratio Analysis
Quelle	In: Higher Education Forum, 20 (2023), S.157-177 (21 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	2432-9614
Schlagwörter	Foreign Countries; Cost Effectiveness; Higher Education; Secondary Education; Teacher Education; Agricultural Education; Health Sciences; Outcomes of Education; Employees; Agricultural Occupations; Teaching (Occupation); College Graduates; Ethiopia + Suchen Sie Ihr Suchwort? Ausland; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Hochschulbildung; Hochschulsystem; Hochschulwesen; Sekundarbereich; Lehrerausbildung; Lehrerbildung; Agriculture; Education; Landwirtschaftliche Ausbildung; Landwirtschaft; Ausbildung; Lernleistung; Schulerfolg; Employee; Arbeitnehmer; Beschäftigter; Occupation; Beruf; Landwirtschaftlicher Beruf; Teaching; Lehrberuf; Hochschulabsolvent; Hochschulabsolventin; Äthiopien
Abstract	This study examined the economic benefits of higher education in Ethiopia. It utilized a quantitative research approach. The study revealed that the benefit-cost ratio (BCR) for secondary and higher education is 1.97 and 1.84 respectively. This implies that both levels of education provide benefits outweighing their costs. Regarding the private and social rate of return, they were 68% and 23% respectively. These figures reveal that both the private and social benefits are higher than the those found in any previous studies. Lastly, higher education has the highest rate of return for employees of three key sectors-that is, teacher education, agriculture, and health sciences-with an estimated value of 23, 15.3, 16.3 per cent increases to earnings compared to 3.8 for secondary education. In conclusion, the increasing pattern of high private rates of return to higher education shows that a shift of the education cost burden from the social to the private might be accomplished through loan schemes in higher education. (As Provided).
Anmerkungen	Research Institute for Higher Education, Hiroshima University. 1-2-2 Kagamiyama, Higashi-hiroshima, Hiroshima City, Japan 739-8512. Tel: +81-82-424-6240; Fax: +81-82-422-7104; e-mail: k-kokyo@office.hiroshima-u.ac.jp; Web site: https://rihe.hiroshima-u.ac.jp/publications/en/hef_en/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01