Can Cost-Benefit Analysis Guide Education Policy in Developing Countries?

Can Cost-Benefit Analysis Guide Education Policy in Developing Countries?

Cost-benefit analysis in education is an important tool in the economists' arsenal. However, it is essential that research, especially on the social benefits of education, make further progress to make cost-benefit more analysis. There is a...

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Bibliographic Details
Main Authors:	Jimenez, Emmanuel, Patrinos, Harry Anthony
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACADEMIC ACHIEVEMENT ACADEMIC PERFORMANCE ACCESS TO PRIMARY EDUCATION ACCOUNTING AGE-EARNINGS AGE-EARNINGS PROFILE AGE-EARNINGS PROFILES AVERAGE EDUCATIONAL LEVEL AVERAGE SCHOOLING BASIC EDUCATION BASIC EDUCATION LEVEL BENEFITS OF EDUCATION BOOK PROVISION BUDGET FOR EDUCATION CALCULATION CALCULATIONS CAPITAL EXPENDITURE CASH TRANSFERS CHECKS CHILD EDUCATION CHILD LABOR CIVIL SERVICE PAY SCALES CLASS SIZE CLASSROOM CLASSROOM FURNITURE COGNITIVE SKILLS COMMUNITY PARTICIPATION COMPARATIVE EDUCATION COMPULSORY EDUCATION COMPULSORY SCHOOLING CONTRIBUTION CONTRIBUTIONS COST INCREASES CREDITS CURRICULAR REFORM CURRICULUM REVISION CURRICULUMS CYCLE OF POVERTY DIRECT COST DIRECT COSTS DISABILITIES DISCOUNT RATE DISCOUNT RATES DISTANCE EDUCATION DROPOUT RATES EARLY LEARNING EARNINGS ECONOMIC ANALYSIS EDUCATION CURRICULUM EDUCATION DEVELOPMENT EDUCATION ECONOMICS EDUCATION FOR ALL EDUCATION INVESTMENTS EDUCATION OUTCOMES EDUCATION POLICY EDUCATION PROGRAM EDUCATION PROGRAMS EDUCATION PROJECTS EDUCATION SECTOR EDUCATION SPENDING EDUCATIONAL ATTAINMENT EDUCATIONAL BUDGETS EDUCATIONAL DEVELOPMENT EDUCATIONAL LEVELS EDUCATIONAL OUTCOMES EDUCATIONAL QUALITY EDUCATORS EFFECTS OF EDUCATION ELEMENTARY EDUCATION ELEMENTARY SCHOOLS ENROLLMENT TARGETS FEDERAL RESERVE FINANCIAL INCENTIVES FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT GIRLS GLOBAL CAMPAIGN FOR EDUCATION HEAD TEACHER HIGH DROPOUT HIGH RATES OF TEACHER ABSENTEEISM HIGHER EDUCATION HUMAN DEVELOPMENT INCENTIVE PROGRAMS INCOME INDIRECT COSTS INDIVIDUAL LEARNING INSTRUCTIONAL MATERIALS INTERVENTIONS INVESTING INVESTMENT ANALYSIS INVESTMENT DECISION INVESTMENT IN EDUCATION INVESTMENTS IN EDUCATION JOB SEARCH JOB TRAINING JUNIOR SECONDARY JUNIOR SECONDARY EDUCATION KNOWLEDGE GAPS LABOR MARKET LABOR MARKETS LEARNING ENVIRONMENT LEARNING OUTCOMES LEVEL OF EDUCATION LEVELS OF EDUCATION LIFE EXPECTANCY LIFE SPAN LIFELONG LEARNING LIFETIME LITERACY LITERACY RATE LOW COST LOW-INCOME LOWER INCOME LOWER LEVELS OF EDUCATION MAINTENANCE COSTS MATH PARENTAL EDUCATION PRESCHOOL EDUCATION PRESENT VALUE PRIMARY EDUCATION PRIMARY LEVEL PRIMARY LEVELS PRIMARY SCHOOL PRIMARY SCHOOL CHILDREN PRIMARY SCHOOL CONSTRUCTION PRIMARY SCHOOL-AGED CHILDREN PRIMARY SCHOOLING PRIMARY SCHOOLS PRIVATE SCHOOL PRIVATE SCHOOLING PRIVATE SCHOOLS PROBABILITY PRODUCTIVITY PROVISION OF TEXTBOOKS PUBLIC ECONOMICS PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SCHOOLS PUBLIC SECONDARY SCHOOLS PUBLISHERS RADIO RADIO INSTRUCTION RADIO MATHEMATICS RATE OF RETURN RATE OF RETURNS RATES OF RETURN RATES OF RETURN TO EDUCATION READING RECURRENT COSTS REGRESSION ANALYSIS REMEDIAL EDUCATION RESERVE BANK RESOURCE MATERIALS RETURNS TO EDUCATION RURAL AREAS RURAL STUDENTS SALARIES SANITATION SAVINGS SCHOLARSHIP SCHOOL ATTENDANCE SCHOOL BUILDINGS SCHOOL COMMITTEES SCHOOL CONSTRUCTION SCHOOL ENROLLMENT SCHOOL FACILITIES SCHOOL GRADUATE SCHOOL LEAVERS SCHOOL MANAGEMENT SCHOOL MEALS SCHOOL PARTICIPATION SCHOOL QUALITY SCHOOL REFORM SCHOOL STUDENTS SCHOOL SYSTEM SCHOOLING SECONDARY EDUCATION SECONDARY SCHOOL SECONDARY SCHOOL STUDENTS SENIOR SOCIAL BENEFITS SOCIAL BENEFITS OF EDUCATION SOCIAL DEVELOPMENT STAKEHOLDERS STUDENT DROPOUT STUDENT LEARNING STUDENT PERFORMANCE STUDENT-TEACHER RATIO TEACHER TEACHER ABSENTEEISM TEACHER QUALIFICATIONS TEACHER TRAINING TEACHERS TEACHING TEXTBOOK TEXTBOOKS TOTAL COST TRANSACTION TUITION TYPES OF INVESTMENTS UNIVERSAL BASIC EDUCATION UNIVERSAL PRIMARY EDUCATION VOCATIONAL EDUCATION VOUCHER PROGRAM VOUCHER PROGRAMS WAGE WAGES WORKBOOKS WORKING LIFE YOUNG PEOPLE YOUNG WOMEN
Online Access:	http://documents.worldbank.org/curated/en/2008/03/9095102/can-cost-benefit-analysis-guide-education-policy-developing-countries http://hdl.handle.net/10986/6544

Description
Summary:	Cost-benefit analysis in education is an important tool in the economists' arsenal. However, it is essential that research, especially on the social benefits of education, make further progress to make cost-benefit more analysis. There is a need for more research on the effects of policy interventions on outcomes beyond access to a year in school and what they earn as a result, such as on what children actually learn. Such research should focus on ensuring that the interventions are attributable to outcomes. Nevertheless, it is worthwhile to go through the discipline of noting the benefits and costs, even if social rates of return cannot be calculated robustly.

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