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Household rates of return to education in rural Bangladesh: Accounting for direct costs, child labour, and option value

Shafiq, MN (2007) Household rates of return to education in rural Bangladesh: Accounting for direct costs, child labour, and option value. Education Economics, 15 (3). 343 - 358. ISSN 0964-5292

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Abstract

This study estimates the returns to boys' education for rural Bangladeshi households by accounting for some conventionally neglected items: direct costs of education, foregone child labour earnings, and option value. The estimated returns are 13.5% for primary education, 7.8% for junior-secondary education, 12.9% for higher-secondary education, and 9.7% for higher education; the resulting option value from primary education is 5.3%. These results suggest that there is economic rationale for non-poor rural households to invest in boys' education, especially at the primary level.


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Details

Item Type: Article
Status: Published
Creators/Authors:
CreatorsEmailPitt UsernameORCID
Shafiq, MNmnshafiq@pitt.eduMNSHAFIQ
Date: 1 September 2007
Date Type: Publication
Journal or Publication Title: Education Economics
Volume: 15
Number: 3
Page Range: 343 - 358
DOI or Unique Handle: 10.1080/09645290701306358
Schools and Programs: Dietrich School of Arts and Sciences > Economics
Refereed: Yes
ISSN: 0964-5292
Date Deposited: 27 Feb 2013 15:33
Last Modified: 02 Feb 2019 14:56
URI: http://d-scholarship.pitt.edu/id/eprint/17539

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