Economic Return on Education 2012
Contains data on the financial return on education for OECD countries, from the 2012 release of the Education at a Glance report.
From the Education at a Glance:
The overall benefits of education can be assessed by estimating the economic value of the investment in education, which essentially measures the degree to which the costs of attaining higher levels of education translate into higher levels of earnings.
To understand how costs and benefits are shared between the private and public side, the calculation of benefits includes taxes, social contributions and social transfers as well as differences in the probability of finding work by educational level. The cost components include public and private direct costs, as well as foregone earnings while in school, adjusted for the probability of finding work, and for foregone taxes, social contributions and social transfers.
The indicator is broken down into component statistics:
- Year of measurement
- Direct cost
- Foregone earnings
- Total costs
- Gross earnings benefits
- Income tax effect
- Social contribution effect
- Transfers effects
- Unemployment effects
- Total benefts
- Net present value
- Internal rate of return
There are six tables included for each combination of the following variables:
- Public or private value
- Secondary or Tertiary level education
- Men or Women
The XLS file includes the tables in both English and French.