Cost-benefit analysis in educational planning / Maureen Woodhall

By: Contributor(s): Series: Fundamentals of educational planningPublication details: [Paris] Unesco, International Institute for Educational Planning [2004]Edition: Fourth editionDescription: 129 p. ; 21 cmISBN:
  • 928031296
  • 9789280312591
Subject(s): DDC classification:
  • 379.11 22 WOO
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Holdings
Item type Current library Call number Copy number Status Date due Barcode
Book Closed Access Book Closed Access Engineering Library 379.11 WOO 1 (Browse shelf(Opens below)) 1 Available 0025713

CONTENTS

Introduction to the fourth edition

The purpose of cost-benefit analysis
Investment in human capital
Cost-benefit versus cost-effectiveness analysis

Measurement of costs
the concept of opportunity cost
social and private costs
progress in analysing opportunity costs

Measurement of benefits
earnings as a measure of direct benefits
other measures of direct benefits
Indirect benefits and externalities

Measurement of a discounted cash flow

Rate of return on investment in education

Objections to cost-benefit analysis of education
early critics: the 1960s
Interrelationship between ability and education
education as a filter or screening device
relationship between earnings and productivity
spill over benefits of education
effect of unemployment on rates of return
relationship between the past, the present and the future
the meaning of the private rate of return
more recent critics: the 1980S AND 1990s
responses to the critics

Calculation of rates of return
Alternative methods of calculating rates of return
Interpretation of rates of return: making comparisons
Examples of cost-benefit analysis of education
Using cost-benefit analysis to guide policy
Conclusions: the practical usefulness of cost- benefit

Includes references

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