The economic contribution of PhDs
Casey, Bernard. (2009) The economic contribution of PhDs. Journal of Higher Education Policy and Management, Vol.31 (No.3). pp. 219-227. ISSN 1360-080XFull text not available from this repository.
Official URL: http://dx.doi.org/10.1080/13600800902974294
This paper looks at what the value of a doctorate is, both to employers in particular and to society and the economy at large. Given the emphasis many universities and funding agencies/governments are putting upon the development of PhD programmes, this is an issue deserving attention. The paper tries to show how two separate but interrelated questions ‘What is a doctorate worth?’ and ‘Is there a justification for society to subsidise the production of doctorates?’ might be answered. It considers the argument that the production of PhDs can generate benefits for wider society – both because the production process itself generates basic knowledge from which all can take advantage and because the outputs of that process help boost the productivity of those with whom they work. In other words, the gains to society as a whole might be greater than the sum of gains to PhD holders and their immediate employers. Evidence is reviewed.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HB Economic Theory
L Education > LB Theory and practice of education > LB2300 Higher Education
|Divisions:||Faculty of Social Sciences > Institute for Employment Research|
|Library of Congress Subject Headings (LCSH):||Doctor of philosophy degree -- Economic aspects, Education and state, Wages -- College graduates|
|Journal or Publication Title:||Journal of Higher Education Policy and Management|
|Official Date:||August 2009|
|Page Range:||pp. 219-227|
|Access rights to Published version:||Restricted or Subscription Access|
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