Cost And Returns To Education

Cost and Returns to Education: An Update and Further Research order of business Dr. K. Muraleedharan INTRODUCTION For Smith, Ricardo and Marshal, commandment was consumption as well as enthronisation in economic and social progress. The attempts of Harbison and Mayers, Huq, Johnson, Schultz, Machulp, Solow, Dennison, Becker, Renshaw and Houthaker have mainstreamed the discussion of gracious capital establishment to economic discourses. gay Resource creation is viewed as a process of change magnitude knowledge, skills and capacities of all tidy sum in the economy, which itself translate in to higher income.1 That knowledge is a form of productive investment is now an undisputed premise. (Psacharopoulos, 1995a). of all time since the Human investiture Revolution in Economic concept of the 1960s, expenditures on education, no matter of the source of it, have been treated as investment that base human capital.(Bowman 1966; Schultz 1961; Becker 1964) There has been a s erial of attempts in conceptualizing, computing, analyzing and identifying the trends and patterns of represent and returns to investments from various perspectives. (Becker 1960, 1964; Henderson- Stewart 1965; Klinov- Malu 1966; Harberger and Selowsky 1966; Blaug 1967; Schmidt and Baumgarten 1967; Kothari 1967; De Wolf and Ruiter 1968; Schultz 1968; Ogilvy 1968; Selovsky 1968; Panchamukhi and Panchamukhi 1969; Thias and Carnoy 1969; Psacharopoulos 1969,1973,1981, 1985,1994,1995a,1995b, Psacharopoulos and Patrinos 2002; Hewlet 1970; Maglen and Layard 1970; Maglen and Layard 1970; Hoerr 1970; Paul, S 1972; Tilak 1980, 1990; Mansfield 1994; Mingat and bronze 1996; Nazir and Nazil, 1999). Attempts to estimate returns to education have history that dates back level(p) to 1950s. --------------------------------*Author is currently the labor Director, EMPOWERING WOMEN, ICSSR Research Project and with University of Calicut, Kerala and functional at kmd_20@sify.com Efforts from a vi de 1 variety of countries, including ! overtime evidences and...If you want to imbibe a to the full essay, order it on our website: OrderCustomPaper.com

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