Can Cost-Benefit Analysis Guide Education Policy in Developing Countries?

45 Pages Posted: 20 Apr 2016

Date Written: March 1, 2008

Abstract

Cost-benefit analysis in education is an important tool in the economists' arsenal. However, it is essential that research, especially on the social benefits of education, make further progress to make cost-benefit more analysis. There is a need for more research on the effects of policy interventions on outcomes beyond access to a year in school and what they earn as a result, such as on what children actually learn. Such research should focus on ensuring that the interventions are attributable to outcomes. Nevertheless, it is worthwhile to go through the discipline of noting the benefits and costs, even if social rates of return cannot be calculated robustly.

Keywords: Education For All, Primary Education, Teaching and Learning, Access & Equity in Basic Education

Suggested Citation

Jimenez, Emmanuel and Patrinos, Harry Anthony, Can Cost-Benefit Analysis Guide Education Policy in Developing Countries? (March 1, 2008). World Bank Policy Research Working Paper No. 4568, Available at SSRN: https://ssrn.com/abstract=1112191

Emmanuel Jimenez (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Harry Anthony Patrinos

World Bank ( email )

1818 H Street NW
Washington, DC 20433
United States

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