Expected rates of return to university study : a case study of the University of Natal, Durban, 2000.

Abstract

For many years economists have shown interest in studying education as a form of

investment in human capital. It is widely believed that if one attains higher levels of

schooling, higher financial rewards will result. This dissertation focuses on ex-ante

rates of return to higher education, with particular reference to the University of

Natal, Durban. Individual data on 672 undergraduate students (from six different

faculties) in the academic year 2000 has been used to estimate the expected rewards

they will get upon graduation.