Please use this identifier to cite or link to this item:
|Title:||Rates of return to education in Singapore||Authors:||Toh, M.H.
|Issue Date:||1999||Citation:||Toh, M.H.,Wong, C.S. (1999). Rates of return to education in Singapore. Education Economics 7 (3) : 235-252. ScholarBank@NUS Repository.||Abstract:||In this paper, the rates of return to education in Singapore are computed by the cost- benefit approach covering the period 1980-1994. The results indicate that the rates of return to education increase with the level of education. Although remaining higher than the rates of return to secondary education, the rates of return for tertiary education are found to be declining during the period of investigation. Social as well as private rates of return for professional university-level courses such as accountancy, law and engineering are also enumerated. The rates for tertiary education are, in general, well above the prevailing prime lending rates. This has provided justification for the government to facilitate a study loan scheme for tertiary students so as to shift part of the burden for financing tertiary education to private individuals (students) who enjoy direct benefits.||Source Title:||Education Economics||URI:||http://scholarbank.nus.edu.sg/handle/10635/44824||ISSN:||09645292|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Dec 30, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.