1. RATE OF RETURN TO THE PH.D. IN ECONOMICS.
- Author
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Siegfried, John J.
- Subjects
DOCTOR of philosophy degree ,ACADEMIC degrees ,ECONOMICS ,EDUCATIONAL attainment ,HUMAN capital ,COST effectiveness ,INCOME ,RATE of return ,EDUCATION - Abstract
The article assesses the economic value of the investment in the doctor of philosophy (Ph. D.) degree in economics. To derive the internal rate of return to the Ph. D. in economics, conventional cost-benefit methodology is used. A five-way classification was utilized to determine the variations in the conditions surrounding graduate work in economics. These classification are: by type of employment, method of financing, length of schooling, salary and earnings as measures of income and private and social cost-and-benefit perspectives.
- Published
- 1971
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