Education is central to the development of human capital. Vietnam has made significant progress. This paper reviews existing research on the returns to education and makes the case for investment in schooling. In Vietnam, the returns to schooling are 10 percent overall. The returns to primary and secondary education have declined over time and are lower than the regional average. The returns to secondary education are low, but not much lower than the regional average. The returns to tertiary education are high, have increased considerably, and are about 20 percent. Therefore, investing in higher education makes sense for the individual and her family.
Details
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Author
Patrinos,Harry Anthony, Thang,Pham Vu, Thanh,Nguyen Duc
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Document Date
2018/12/18
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Document Type
Policy Research Working Paper
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Report Number
WPS8679
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2018/12/18
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Disclosure Status
Disclosed
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Doc Name
The Economic Case for Education in Vietnam
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Keywords
Higher Education; return to education; returns to schooling; Program for International Student; social rate of return; rate of return to investment; social return; private higher education institution; Private Investment in Education; higher level of education; rapid expansion of enrollment; Primary and Secondary Education; primary schooling; quality and relevance; years of schooling; minimum wage; Benefits of Education; rural south; rates of return; economics of education; private rate; private return; wage inequality
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Citation
Patrinos,Harry Anthony Thang,Pham Vu Thanh,Nguyen Duc
The Economic Case for Education in Vietnam (English). Policy Research working paper,no. WPS 8679 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/115641545141262780/The-Economic-Case-for-Education-in-Vietnam