Increasing Education in Lower-Middle-Income Countries
2019
This case study examines the effects of increased education on mortality risks. Historically, benefit-cost analyses have focused on the effect of education on future wages. However, the available evidence also suggests that education reduces under-five and adult mortality rates. This paper estimates how net benefits, as well as the ratio of benefits to costs, responds to the approach used to value mortality risk reductions. It considers one additional year of schooling in lower-middle-income countries, incremental to the current mean. The results show that the benefits of increased schooling substantially exceed the costs.
Increasing Education in Lower-Middle-Income Countries
Source:
Pradhan E, Jamison D. Standardized Sensitivity Analysis in BCA: An Education Case Study. Journal of Benefit-Cost Analysis 2019; 10 (S1): 206-223. https://doi.org/10.1017/bca.2019.5