Education has been considered an investment value. Those who acquire additional schooling generally earn more over their lifetimes, achieve higher level of employment, and enjoy more satisfying careers. It also enable people to more fully enjoy life, appreciate literature and culture and be more socially involved citizens.
Private returns to education refer to the benefits received by the individual who acquires additional schooling. These include economic benefits such as higher lifetime earnings, lower level of unemployment, and greater job satisfaction, improve health and longevity.
Social returns refer to positive or possibly negative consequences that accrue to individuals other than the indivudal or family making the decision. About how much schooling to acquire. These are the benefits not taken into account by the decision-maker.
Education has been considered an investment value. Those who acquire additional schooling generally earn more over their lifetimes, achieve higher level of employment, and enjoy more satisfying careers. It also enable people to more fully enjoy life, appreciate literature and culture and be more socially involved citizens.
Private returns to education refer to the benefits received by the individual who acquires additional schooling. These include economic benefits such as higher lifetime earnings, lower level of unemployment, and greater job satisfaction, improve health and longevity.
Social returns refer to positive or possibly negative consequences that accrue to individuals other than the indivudal or family making the decision. About how much schooling to acquire. These are the benefits not taken into account by the decision-maker.
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