A note on the rate of return to investment in education in Belgium

Walter Nonneman and Isabelle Cortens

Applied Economics Letters, 1997, vol. 4, issue 3, 167-171

Abstract: Internal rates on return to investment in higher secondary, university and non-university higher education in Belgium (1992) are presented. Private, social and fiscal returns are distinguished. Private and social returns are low for secondary education, but substantially higher than long-run returns of investment in physical capital. Returns for females are systematically higher than those for males. A remarkable finding is that social returns are higher than private returns, indicating a net-tax on educational investment rather than a net-subsidy. Fiscal returns are particularly high for tertiary education implying no reverse redistributive effects.

Date: 1997
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DOI: 10.1080/135048597355447

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