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Is university education a good investment?

Given that graduates are seen to earn an income premium over their working lives, should they be required to pay for their university education? The introduction of student loans as a way of funding higher education (HE) was controversial from the start. Kevin Albertson examines some of the issues

economics of education, labour economics, benefit–cost analysis

In this article I outline the historical reasons for the increase in the proportion of UK young people who take advantage of the opportunity to pursue HE. I go on to suggest the benefits from HE are such that the sector ought to continue to expand. However, the way in which HE is funded in England is economically and socially inefficient.

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Previous

The universal credit renovation: botched job or grand design?

Next

Making good use of diagrams and graphs

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