AE Main Document_reviseddocx submitted and accepted.pdf (454.46 kB)
Intrinsic versus instrumental benefits of higher education: The challenge from self-funded higher education
journal contribution
posted on 2020-01-06, 14:49 authored by Simona RasciuteSimona Rasciute, Paul DownwardPaul Downward, Nick SimmonsUK policy concern about the value and funding of Higher Education has focussed on the intrinsic and instrumental impacts of education. Typically, returns to education are identified by narrow economic metrics, like earnings. However, policy makers recognize the need for wider measures of welfare. Consequently, contemporaneous relationships with subjective well-being (SWB) have been explored. In this paper the effects of higher education on SWB are mapped through time. The results show positive effects in the first year at university that dissipate afterwards. Intrinsic benefits from education remain but get eroded implying increased stress from loan financed education with transition to a more instrumental perspective on education.
History
School
- Business and Economics
- Sport, Exercise and Health Sciences
Department
- Economics
Published in
Applied EconomicsVolume
52Issue
31Pages
3379 - 3390Publisher
Taylor & Francis (Routledge)Version
- AM (Accepted Manuscript)
Rights holder
© Informa UK Limited, trading as Taylor & Francis GroupPublisher statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics on 10 January 2020, available online: http://www.tandfonline.com/10.1080/00036846.2019.1710455.Acceptance date
2019-12-23Publication date
2020-01-10Copyright date
2020ISSN
0003-6846eISSN
1466-4283Publisher version
Language
- en