退学や留年を考慮した大学教育の収益率―社会科学系学部のケース―

抄録

In this study, we estimate the social rate of return to university education in Japan, considering the possibility of dropping out and repeating a grade. Although many studies have assessed the rate of return on university education, most have measured the rate of return by assuming that all students who enter a university will graduate without dropping out or repeating a grade. The percentage of students who drop out or are held back depends on the university’s type of establishment (public or private) and the level of admission severity. Such differences may lead to considerable variation in expected returns, depending on the university and faculty. We consider this and estimate the social rate of return for groups of universities and faculties categorized by type of establishment and admission severity. The results show that the rates of return to some private universities are lower if we consider the dropout and repeating years, and suggest the need for focused policies.