Returns to individuals and society are positive for university and college education
Source: Institute for Competitiveness & Prosperity analysis based on data from OECD Education at a Glance 2009.
Note: Public NPV returns include Public Direct cost, Public forgone revenues, income tax revenues, social contribution revenues, transfer revenues and unemployment effect. Private NPV returns include direct costs, forgone earnings, gross earnings benefits, income tax effect, social contribution effect, transfer effect and unemployment effect.
Note: Public NPV returns include Public Direct cost, Public forgone revenues, income tax revenues, social contribution revenues, transfer revenues and unemployment effect. Private NPV returns include direct costs, forgone earnings, gross earnings benefits, income tax effect, social contribution effect, transfer effect and unemployment effect.
Quick Fact
Returns to individuals and society are positive for university and college education
Annual Report 8 | Pages 42-45
Recent research by the Organization of Economic Co-operation and Development (OECD) shows the positive returns for individuals and for society from post secondary education. Both are positive (after considering the costs of attaining post secondary education) and this net return is higher for university education.
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