English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Tools annual

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Presents the access of premium content as premium feature

Premium Content

Global: Zendy Plus annual

Global: Zendy Free Plan

This paper regards higher education as a bundle of services. This approach yields a rate of return which is between 0.5% and 4.1% higher than previously calculated. This paper makes use of data which shows how much students actually paid to attend college, a value which is often very different than the stated tuition. When students purchase the college bundle they are buying labor market skills, intellectual stimulation, a peer-group, socializing opportunities and a network of contacts. I identify which elements of the education bundle consumers wish to purchase. If a consumer purchases a good which enhances his income that purchase can be regarded as an investment. Otherwise it is regarded as a consumption good. Using a standard wage equation, which includes the elements of the education bundle consumers are willing to purchase, I confirm there are both consumption and investment aspects to the purchase of higher education. This implies previous rate of return calculations underestimated the investment return on a college education.

Consumer Valuation Of Higher Education And Adjusted Rates Of Return