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Economic Theories of Educational Planning (1972)

Richard Layard

Chapter 15 in Tackling Inequality, 1999, pp 283-309 from Palgrave Macmillan

Abstract: Abstract There are two main schools of thought on educational planning. One says that education should adjust to the demand for manpower in the labour market; the other that it should satisfy the private demand for education perse. Each school is again divided. Manpower specialists differ on whether to do rate-of-return analysis or manpower forecasting; while those who believe in satisfying the private demand for education disagree about criteria for financing, on which the private demand depends.

Keywords: Discount Rate; Social Rate; Private Rate; Educational Planning; Social Discount Rate (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37528-4_15

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DOI: 10.1057/9780230375284_15

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