• Dr. Bilal Ahmad Sheikh

This research paper examines the returns to education of Asia, Africa, LDC, Intermediate and Advanced countries of the world. The study investigates the returns to different levels of education both private and social returns across all the regions mentioned above. The private returns to education is highest about 32 percent to higher level of education of African region while as it is again 32 percent in case of Asia to the primary level of education. However, the social returns to education is highest about 29 percent and 27 percent to the primary level of education of African region and LDC region of our study area. The analysis also made it clear that All rates of return to investment in education are well above the 10% common yardstick of the opportunity cost of capital. The returns to education in developing countries are higher relative to the corresponding returns in more advanced countries. Our study suggests that the regions and the level of education having higher private returns should implement cost-sharing mechanisms, such as tuition fees or income-contingent loan systems, to ensure that individuals who directly benefit from higher education bear a portion of the costs. This helps to align private and social returns by reducing the burden on public funding while maintaining accessibility and affordability.

Returns to education, private returns, social returns, Mincerian model, Asia, Africa, LDC, Advanced countries

"ANALYSIS OF RETURNS TO EDUCATION: A GLOBAL CONTEXT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.173-182, July-2018, Available :http://www.jetir.org/papers/JETIR1807A25.pdf

"ANALYSIS OF RETURNS TO EDUCATION: A GLOBAL CONTEXT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp173-182, July-2018, Available at : http://www.jetir.org/papers/JETIR1807A25.pdf