The Returns to Investments in Higher Education: Some New Evidence

Raymond, Richard; Sesnowitz, Michael

doi:10.2307/144823

Cited by 12 publications

(4 citation statements)

References 18 publications

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“…Thus, education may not enhance an individual productivity but merely serves as an identification device to estimate the individual's productive capability (Albrecht & Ours 2006). A study undertaken by Raymond & Sesnowitz (1975) indicated that obtaining a tertiary education degree does not fully explain the increase in productivity of the particular worker but partially play as a screening device for employer. This finding is supported by Riley (2001) and Gullason (2011) where they found that employers tend to use education obtained by the applicants as a screening device to signal their market value; and therefore implies that individual may invest in education just to provide signals to their future employers of their higher ability in comparison to others who are without higher education credentials.…”

Section: Literature Reviewmentioning

confidence: 99%

Retaining International Students for Advanced Degree in Malaysia: Quality Matters

Foo¹,

Ismail²,

Lim³

2016

JEM

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As the world is becoming more globalised, cross border education continues to preoccupy the agenda of internationalisation of higher education with more and more countries participating as education providers. Competition for students requires the education providers to step-up in their quality assurance and governance as to ensure their sustainability in years to come. The shift of intention from merely focusing on internationalisation as a source of revenue generation to a more diverse objective of talent development that promotes research and innovation is imperative. Thus, the ability of the host countries to attract high quality students and retain them for further degree is nevertheless essential. Despite huge literature concentrating on identifying the factors that can attract potential international students to enrol in host countries, few known studies have been carried out to identify the factors that are able to influence the choice of the currently enrolled international students to remain in Malaysia for their further degrees. Using the data of 753 international students, gathered from a sample of few universities in Malaysia, this particular study employs a Logit Model in an attempt to identify the educational choice motives that influence the decision of the currently enrolled international students to remain in Malaysia for their higher level of study. The finding shows that the consumption motive dominates the investment motive, suggesting that students' decision to remain in Malaysia for further degree is highly related to the consumption motive as compared to the investment motive. A comfortable study environment, high quality services and facilities, excellent faculty members and easy access to information regarding matters related to education in Malaysia significantly influence the students' decision to stay to further their studies. The findings from this study lend support to a commonly held view that the quality of education matters.

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Section: Literature Reviewmentioning

confidence: 99%

Retaining International Students for Advanced Degree in Malaysia: Quality Matters

Foo¹,

Ismail²,

Lim³

2016

JEM

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“…Kastner (1977) found that direct returns to students with community college education represented an annually compounded interest rate of 5.6 percent for males and 5.88 percent for females. Raymond and Sesnowitz (1975) found rates of return for community college students to range between 16.8 percent for white males to 2.2 percent for nonwhite males. These and other studies support the conclusion that if employment opportunities remain stable for students with community college education, return rates should remain steady or increase over the short range.…”

Section: Economic Gains and Community College Attendancementioning

confidence: 99%

Does community college education produce in students?

Linthicum

1982

New Drctns Community Coll

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“…Countries over the world paid particular attention to the education sector in general and higher education in particular, in order to achieve their objectives. These goals consist principally of the community service and upgrading its civilization height, as well as providing the state by the different specialists, technicians and experts in various fields (Richard Raymond and Michael Sesnowitz, 1975;Walter W. McMahon, 1975;Jane Louise Johnson, 1978;Gary Rhoades, 1983;Kent Hill et al, 2005;Sandy Baum & Kathleen Payea, 2005). Therefore, the university could be considered as the main source of investment as the human wealth is considered as the most important and expensive fortunes of a society (David Post et al, 2004;Joy Murray, 2007;Christian Schierenbeck, 2013).…”

Section: Introductionmentioning

confidence: 99%

Estimating the Return of Higher Education in Algeria: Evidence From Adrar University

Benlaria¹,

Sofiane²

2018

JETS

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This study aims to measure the individual rate of return for investment in higher education at Adrar University by using both basic and extended Mincerian Earnings Function. In addition to this, the comparison had been established between the results obtained and those of other researches in the same domain.We adopted in the research the model of Mincer in evaluating the rate of the economic returns according to previous classifications and the effective experience got by the individual in the work (measured by years). The result of the model application states that the economic return of university education in Algeria has been improved by 8.49% based on the benchmark of Psacharopoulos International Return measured by 9.8%.We conclude that there is no general trend by which we can interpret the results but this lack of interpretation refers to the typical situation of the Algerian economy and its impact on the human capital (education specifically) as it is known that the relationship between the economic development and the human development is positive.

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The Returns to Investments in Higher Education: Some New Evidence

Cited by 12 publications

References 18 publications

Retaining International Students for Advanced Degree in Malaysia: Quality Matters

Retaining International Students for Advanced Degree in Malaysia: Quality Matters

Does community college education produce in students?

Estimating the Return of Higher Education in Algeria: Evidence From Adrar University

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