According to human capital theory, education is an investment in human capital, the perceived profitability of which drives individuals to choose additional education over alternative investments. The application of cost-benefit analysis to individual decisions has provided the framework for the investigation of student expectations of the financial returns to education.
CITATION STYLE
Menon, M. E. (2014). Investigating students’ expectations of the economic returns to higher education a review of methods and data. In Using Data to Improve Higher Education: Research, Policy and Practice (pp. 149–163). Sense Publishers. https://doi.org/10.1007/978-94-6209-794-0_9
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