What is it about?
Investment in education confers important private and social benefits. One such benefit is increased wages. This paper updates the returns to education in Azerbaijan, the first update since 1995. The private rate of return to education is 6 percent. The social rate of return is 8 percent.
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Why is it important?
Estimates of the returns to education are important for considerations of funding and system expansion.
Perspectives
It is important to consider the differences between private and social returns. Important equity considerations follow.
Harry Patrinos
World Bank Group
Read the Original
This page is a summary of: Returns to Education in Azerbaijan: Some New Estimates, Problems of Economic Transition, June 2019, Taylor & Francis,
DOI: 10.1080/10611991.2019.1823700.
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