Rates of return to education in Botswana

Siphambe, Happy

doi:10.1016/s0272-7757(99)00042-4

Cited by 70 publications

(59 citation statements)

References 15 publications

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“…The relationship between poverty and education is particularly important because of the key role played by education in raising economic growth and reducing poverty. However the overwhelming evidence in the literature point to the fact that the better educated have higher incomes and thus are much less likely to be poor (Psacharopoulos G. , 1994;Siphambe, 2000;WorldBank, 2010).…”

Section: Literature Review On Education and Povertymentioning

confidence: 99%

Education and Poverty Linkage in Malawi: A District Level Analysis

Dunga

Sekatane

2013

MJSS

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The need to reduce poverty in all its forms remains a priority around the world. The fact that countries with higher incidences of growth have an associated reduction in poverty levels is uncontested both in theory and in empirical findings. The channels through which growth results into poverty reduction are not clear. This study looks at education as a channel through which economic growth and poverty reduction are linked. Using data on districts in Malawi, we estimate a regression with the headcount poverty as a dependent variable and education at different levels as independent variables. The results show that there is a significant relationship between education qualification and poverty reduction at district level in Malawi. MSCE qualification has the highest coefficient, meaning that policies that would encourage attaining an MSCE (O-level equivalent) would have a more significant impact on poverty reduction than just attaining primary level qualification

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Section: Literature Review On Education and Povertymentioning

confidence: 99%

Education and Poverty Linkage in Malawi: A District Level Analysis

Dunga

Sekatane

2013

MJSS

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“…Monthly salary of a university graduate in Argentina ($ 494) is twice higher than that of a primary school graduate ($ 236) [13]; a university graduate in Botswana earns almost 5 times more than an employee of no educational background (2.842 and 584 Pula respectively), an average monthly salary of a university graduate (2.504 Pula) is almost 6 times higher than that of an uneducated employee (346 Pula), and almost 2 higher than that of a secondary school graduate [14]. In South Africa, African males receive a salary increase of 27% when they move from secondary to higher education graduate status, and receive an increase of 16% when they move from primary to secondary school graduate status.…”

Section: Private Returns Of Higher Educatimentioning

confidence: 99%

The Price of Higher Education and Individual Demand

Gölpek

2012

emaj

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The rise in the living standards in most of the world, the rise in population and schooling rates have increased the demand for higher education. The attribution of semi public property becomes determinant to decide whom will provide the supply and the production in semi public properties is realized by means of a supply and demand mechanism. The supply of higher education is mostly secured in accordance with the public demand as well as the resources available. In addition, the fact that higher education services have produced significant benefits has led to over demand. This situation relates to a simple economic rule that a commodity or service which costs almost nothing or little will increase until the mariginal benefit of its demand equals to 0 or almost 0. However, the educational supply and demand is difficult to identify in accordance to the supply and demand and balance of price as observed in the economic theory. The high profits that would be attracted in the future are significant factors influencing individual's decisions for investment. The decision for investment depends on the possible return in the future, the cost of investment, and the current interest rates. Higher education with investment purposes is influenced by these three factors and higher education is demanded more and more by individuals on the expectation that they will gain high profits In theory, it is accepted that the basic factors identifying the demand for higher education are in harmony with empirical research results in several countries including Turkey.

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“…5 See for example Kazianga (2002) for Burkina Faso, Glewwe (1996) for private and government sector workers in Ghana, Siphambe (2000) for Botswana, Nielsen and Westergard-Nielsen (2001) for Zambia and more recently Lassibille and Tan (2005) for Rwanda.…”

Section: Literature Reviewmentioning

confidence: 99%

“…27 To state specifically a few example, Jones (2001) estimates average returns in Ghana at 8.1% and Lassibille and Tan (2005) estimate approximately a 17.5% return in Rwanda. Siphambe (2000) estimates for Botswana a returns of approximately 12% and Zgovu and Ephraim (2000) estimate returns for Malawi, noting returns between 5% and 10% depending on 27 There are a few papers on Africa that find low returns to education at a particular level of education. Examples of such studies are Aromolaran (2004) for Nigeria (as low as 1.5%), Kahyarara et al (2004) for Tanzania (as low as 3.4%), Dalben (1998) for South Africa (4.1%) and Siphambe (2000) for Botswana (as low as 3.3%) group analyzed.…”

Section: Comparison To Other Estimates For Africamentioning

confidence: 99%

“…Siphambe (2000) estimates for Botswana a returns of approximately 12% and Zgovu and Ephraim (2000) estimate returns for Malawi, noting returns between 5% and 10% depending on 27 There are a few papers on Africa that find low returns to education at a particular level of education. Examples of such studies are Aromolaran (2004) for Nigeria (as low as 1.5%), Kahyarara et al (2004) for Tanzania (as low as 3.4%), Dalben (1998) for South Africa (4.1%) and Siphambe (2000) for Botswana (as low as 3.3%) group analyzed. More generally, Psacharopoulos (1994) estimate the returns to education for several African countries, noting an average return over 8% for every extra year of schooling.…”

Section: Comparison To Other Estimates For Africamentioning

confidence: 99%

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Africa's education enigma? The Nigerian story

Oyelere

2010

Journal of Development Economics

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Rates of return to education in Botswana

Cited by 70 publications

References 15 publications

Education and Poverty Linkage in Malawi: A District Level Analysis

Education and Poverty Linkage in Malawi: A District Level Analysis

The Price of Higher Education and Individual Demand

Africa's education enigma? The Nigerian story

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