Education
The Hypothesis of Negative Returns
Bibliographic Data
| ID | 23618086 |
|---|---|
| Authors | Bernadette Dia Kamgnia (Institut Universitaire d'Abidjan), Cyrille Bergaly Kamdem (0000-0002-7755-3039, Université de Yaoundé I) |
| Year | 2023 |
| Pages | 355-370 |
| Publication date | 2023-01-26 |
| Open Access | No |
| Type | CHAPTER |
| Venue | Oxford Handbook of the Economy of Cameroon (SOURCE_BOOK) |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/oxfordhb/9780192848529.013.40 |
| OpenAlex | W4318217817 |
| ISBN | 9780192848529 |
| Language | EN |
| References cited | 25 |
Education increases people's productivity and creativity, as well as promoting entrepreneurship and advanced technologies. Also, education plays a crucial role in ensuring economic and social progress, thus improve income distribution. Its management nourished the economic debates over the years, triggered by authors such as Schultz, Becker, Mincer, Arrow, Spence, Psacharopoulos, Stiglitz, Acemoglu. Some authors pointed out that investment in education has a positive effect on its profitability, whereas for others, the effect of investment on education is small or even negative. Some others even supported the existence of a Laffer curve on returns to education. Education systems in Sub-Saharan Africa fall under the second group, due to the predominance of the informal sector which has become the only viable option for making a modest living, even for those with secondary, vocational, and tertiary education, in many African countries, including Cameroun. Based on the 2014 Cameroon household survey, in which only 9% of the individuals worked in the formal sector under a contract, positive and significant returns to education, as high as 80% for women, were found. Proper data must be collected to confirm the current findings, hence firmly reject the hypothesis of negative returns to education in a Sub-Saharan African country, as Cameroon.
Arrow · Demographic economics · Development economics · Distribution (mathematics) · Economic growth · Economics · Higher education · Investment (military) · Labour economics · Political science · Productivity · Profitability index · Vocational education · Finance · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Labor market dynamics and wage inequality
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Panel data from time series of cross-sections
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Returns to investment in education
Returns to Education
Employer Learning and Statistical Discrimination
Sample Selection Bias as a Specification Error
Estimates of the economic return to schooling for 28 countries
Generating Inequality
Estimating regional returns to education in India
The Returns to Education in Thailand
Taux de rendement de l'éducation sur le marché du travail d'un pays en développement
A Theory of Social Interactions
The Screening Hypothesis and the Returns to Education
Investment in Human Capital and Personal Income Distribution
Returns to investment in education
| Highly cited | No |
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