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Volume :2 Issue : 5 1985      Add To Cart                                                                    Download

The Economic Effect of General Education in Jordan for the Year 1979

Auther : Abdullah Z. Alrashdan

The aim of this research is to illustrate economic effect of general education in Jordan, and find the internal rate of return for elementary, preparatory and secondary education during 1979. Therefore this study to answer the following two questions:

  1. What is the amount of educational investment in Jordan for elementary, preparatory and general secondary during 1979?
  2. How much are the internal rates of return for elementary preparatory and general secondary education during the same period?

The results were as follows:

The educational stock for the meant labor force in Jordan, 1979, estimated in scholastic years amounted to 1,552,616. The value of this educational stock, as well, amounted to 217 million diners nearly.

The total sum of the recurring and capital costs 1979, for the working individual of the elementary level amounted to 46.3 diners, 97 diner of the preparatory level, and 997 diners of the general secondary level with opportunity costs.

Moreover, the mean income of the working individual during the efficient life amounted to 54,432 diners for the elementary, 50,220 diners for the preparatory, and 58,968 diners for the general secondary. Whereas internal rates of return were 21.54% for elementary education, 23.13% for preparatory and 24.86% for secondary.

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