Rates of return to education
Does investing in education reduce poverty? Evidence from Ghana, Uganda and South Africa
Does investing in education reduce poverty? Evidence from Ghana, Uganda and South Africa
Authors:
Simon Appleton; Geeta Kingdon; John Knight; Måns Söderbom; Francis Teal; Centre for the Study of African Economies (CSAE), UK
Publisher:
id21 Development Research Reporting Service, 2003
Three broad facts about education have emerged from recent research. Firstly, almost universally education is found to lift people out of poverty. Secondly, when a comparison is made between investing in education and other forms of investment, the returns from investing in education are on average lower. Thirdly, the returns to education – in the sense of the increment in income that accrues to each year of education – are much higher for those with higher levels of education. What factors influence these trends?
