Professional Documents
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WEEK 2
Student name:
Anas ALhajjar
Student ID:
110037722
Semester
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Abstract
Been estimated to investment in education based on human capital theory, the yield
since the late 1950s. In the 40-year history of estimates of return on investment
Education, there have been several reviews of the empirical results of the attempts to
establish Patterns. Many more estimates from a variety of countries, including the time,
Evidence, and estimates based on new econometric techniques, reaffirm the
importance of Human capital theory. This paper reviews and presents the latest
estimates and patterns found in the literature of the century. However, because of the
availability the rate of return estimates has grown exponentially, we also have a new
section on the need to define a comparison of returns on investment in education and to
create the associated Patterns. Now the investment in the education development and
there are new ways to attractive the student such as global class in Limkokwoing
University .
Introduction
Back been sensible to invest in education, in the modern / human capital estimated
since the late 1950s. In the 40-year history of estimates of return on investment
Education and training. The increase in income inequality in the 1980s and 1990s has
led in many countries to new interest in the hotel to return to school. a very large
literature suggests that systematic changes in the production process changes The
demand for certain types of work. It was much earlier presented in the literature that
education is more Volatile production technology. instrumental variable (IV) estimates of
the returns to education on the basis of family background are higher than classic OLS
little difference between the returns to education. In this article we will begin following
the traditions and present the latest estimates and patterns. But grown exponentially
due to the availability of return estimates, we will also be new Period of the need for
selectivity in comparing again investing in education and the creation of related models
and different ways to invest in education, as the global class Limkokwing University.
company Full, but not captured by the individual. These benefits are known as
externalities or spillover effects Benefits, as they spread to other members of the
community. They are often difficult to identify and even more difficult to measure. In the
case of education, some have managed to identify positive Externalities, but few could
curtail. If someone could externalities, social returns may be higher than private lessons
back to education. A recent review notes that the empirical evidence is scarce and
convincing, some support for human capital externalities, but not very strong. this
Studies have shown that external effects to improve the productivity of the other in the
form of human capital of an individual the factors of production through the channels
that are not internalized by the individual. In fact, give some estimates negative values,
and some very high estimates.
Extensions :
The literature is with what "social" rate of return, which are called in question contain
true benefits or externalities. Trained individuals the external services, relating to the
company Full, but not captured by the individual. These benefits are known as
externalities or spillover effects Benefits, as they spread to other members of the
community. They are often difficult to identify and even more difficult to measure. In the
case of education, some have managed to identify positive Externalities, but few could
curtail. If someone could externalities, social returns may be higher than private lessons
back to education. A recent review notes that the empirical evidence is scarce and
convincing, some support for human capital externalities, but not very strong. this
Studies have shown that external effects to improve the productivity of the other in the
form of human capital of an individual the factors of production through the channels
that are not internalized by the individual. In fact, give some estimates negative values,
and some very high estimates.
Conclusion :
In summary, and based on the fix provided by the recent quasi-experimental study on
the economics of education is investing more or less in the form the same way as
behavior Investments in physical capital. Developed industrial countries, returns to
physical and human capital tend to equate the margin. At the same time should be a big
gap in the research, which is the marriage of show Micro and macro evidence of returns
to education. While the micro case, as far shown above, it has been established beyond
doubt that there is a real and measurable returns on investment in education, such
evidence is not as consistent and in the future the macro literature. More research is
needed social benefits of education. There are more opportunities today, this type of
research. This study also used programs that promote more investment and reforms in
the financial mechanisms.