Are Americans Overeducated? Are Returns on Investments in Higher Education Lower than Those on Alternate Investments?

Autor/in	Witmer, David R.
Institution	Wisconsin Univ., La Crosse.
Titel	Are Americans Overeducated? Are Returns on Investments in Higher Education Lower than Those on Alternate Investments?
Quelle	(1978), (19 Seiten)Verfügbarkeit
Beigaben	Tabellen
Dokumenttyp	gedruckt; Monographie
Schlagwörter	Tagungsbericht; College Graduates; Cost Effectiveness; Educational Benefits; Educational Economics; Educational Status Comparison; Employment Opportunities; High School Graduates; Higher Education; Investment; Speeches; Statistical Data; Student Costs; Underemployment; Unemployment; Wages + Suchen Sie Ihr Suchwort? Hochschulabsolvent; Hochschulabsolventin; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Bildungsertrag; Bildungsökonomie; Soziokultureller Vergleich; Berufschance; Beschäftigungschance; High school; High schools; Graduate; Graduates; Oberschule; Absolvent; Absolventin; Hochschulbildung; Hochschulsystem; Hochschulwesen; Investments; Geldanlage; Investiton; Studienkosten; Unterbeschäftigung; Arbeitslosigkeit; Wage; Löhne
Abstract	An analysis is made in this speech of the rates of return on investments in higher education. Results indicate that the annual rates of return are higher in every year (1961-75) than the 10 percent realized on business investments. On the basis of the evidence presented, it is concluded that Americans are not overeducated. The trends in student quality are discribed, unemployment rates of college graduates are compared to the rates of high school graduates, the so called underemployment of college graduates is evaluated, and terms relating to the rate of return on investments in higher education are defined. Methods for determining private and social investments and for valuing the resources expended for and the products of higher education instruction are presented. Statistical data are included in the discussions of changes in costs per student and two theories of wages are outlined (marginal productivity theory and job competition theory). (SPG)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2004/1/01