Costs and benefits of education and training for the economy, business and individuals

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Author: Griffin, Tabatha


Understanding the costs and benefits of vocational education and training (VET) provides a basis for decision making regarding the investment in training. This is an important consideration for many stakeholders in the VET system, including individuals, businesses and government. This paper summarises recent research investigating the costs and benefits of training, considering it from each of these three perspectives. The review also highlights the difficulties in undertaking such analyses and provides a practical guide to factors that should be considered when undertaking, or...  [+] Show more

Subjects: Vocational education and training; Finance; Outcomes; Evaluation

Keywords: Decision making; Cost; Investment; Cost benefit analysis; Return on education and training; Outcomes of education and training

Published: Adelaide, South Australia: NCVER, 2016

Physical description: 39 p. (occasional paper) + 37 p. (support document)

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Also called: Evaluation framework measuring return on investment (ROI) in TVET; Evaluation framework measuring return on investment (ROI) in technical and vocational education and training

ISBN: 9781925173574

The support document 'Evaluation framework measuring return on investment (ROI) in TVET' was written by Jane Schueler.

Resource type: Occasional paper

Rights: With the exception of the Commonwealth Coat of Arms, the Department's logo, any material protected by a trade mark and where otherwise noted all material presented in this document is provided under a Creative Commons Attribution 3.0 Australia licence. To view a copy of the licence visit:

Call number: TD/TNC 124.15

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