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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Rates of Return to Education: Does the Conventional Pattern Prevail in Sub-Saharan Africa?
Author:Bennell, Paul
Periodical:World Development
Geographic term:Subsaharan Africa
Subjects:cost-benefit analysis
Development and Technology
Education and Oral Traditions
External link:https://doi.org/10.1016/0305-750X(95)00115-S
Abstract:In his most recent review of rates of return to education (RORE), George Psacharopoulos reaffirms that the conventional pattern of continent-wide aggregate social and private ROREs continues to prevail among both developed and developing countries. In particular, 'primary education continues to exhibit the highest social profitability in the world regions' (Psacharopoulos, 1994). This allegedly universal RORE pattern played a key role in shaping and underpinning World Bank lending policies and practices for its education and training sector work in sub-Saharan Africa during the 1980s. However, a detailed examination of individual RORE studies undertaken in sub-Saharan African countries reveals pervasive theoretical and empirical shortcomings which seriously undermine the credibility of aggregate RORE estimates for the continent as a whole. Bibliogr., notes, ref., sum. Reply by George Psacharopoulos on p. 201.