The Research Of Rate Of Returns To Private Investment In Higher Education In Jiangsu Province

How to evaluate the returns to private investment in higher education plays an extremely crucial role not only in the development of a district,but of our country in the long run.Jiangsu Province is famous for its education and economics,so it's meaningful to evaluate the rate of returns to private investment in higher education and the critical value of the tuition fee as well as estimate the time of returns to private investment in higher education.This study tries to offer reference to private investor and higher education manager to determine the suitable tuition fee according to different major.This paper consists of four chapters.The first chapter,including four sections,introduces firstly the aim and meaning of this research,secondly the present research of rate of returns to private investment in higher education both home and abroad,thirdly the thinking,method and structure of this paper and lastly the innovative points in this study.The second chapter,consisting of two sections,introduces the basic theories of capital investment.In this chapter,the concepts of capital are firstly introduced,including the emergence and development of capital theory as the first part and the concepts and features fo capital as the other;Then we discribe the cost-return theory of capital investment,including its basic contents,application and defects.But as we know, the cost-return method changes the traditional research angle of culture and consumption for the first time,so in this paper we use the method of net present value in the analysis of cost-return.On the basis of the theoretic research,the chapter three studies the cost-return analysis of private investment in higher education.By introducing the relevant concepts of the rate of returns to private investment in higher education,we use the method of AHP to set up the complex index system of non-marketable returns to private investment.And then using the principle of effect in micro- economics,in this paper we found the surplus model of higher education investor and the government decision based on this model;At last several caculation methods of the rate of returns to private investment in higher education are introduced and evaluated in order to make preparation for the fourth chapter.The last chapter which analyses the present condition of the rate ofreturns to private investment in higher education in Jiangsu Province,is the core part in this paper.In this part we make the relevant analysis between incomes and majors of college graduates in Jiangsu Province, then calculate and compare the rates of returns to private investment in higher education of some majors and the average rate on the basis of the summarization of higher education in Jiangsu Province. It estimates the critical value of the tuition fee as well as the time of returns to private investment in higher education in Jiangsu.In the end,according to the discussion above,we offer the factors which affect the value of rate of returns to private investment in higher education in Jiangsu and the corresponding suggestions to higher education private investors.Generally speaking,this study successfully introduces and initiates these points as follows: 1.it founds the complex index system of non-marketable returns to private investment;2. it sets up the surplus model of higher education investor;3.it establishs the effect model of private non-marketable returns;4.it sets up the model of mincer rate of returns to private investment in higher education according to different major and gender;5.the calculation and analysis of inner rate of returns to private investment in higher education of some majors in Jiangsu;6. It estimates the critical value of the tuition fee as well as the time of returns to private investment in higher education in Jiangsu.