This study investigates the income-cost effects resulting from public and private higher education expenditures in Japan. Economic returns are presented according to sex, public or private sector, and areas of study, and the method of government expenditure on education in Japan is evaluated. (TE)

Education in general and specific educational projects fit into the construct of the allocation of investment resources that is basic to economic theory. Two techniques of computing returns to education and education projects are benefit-cost ratios and rates of return, which both rely on measuring costs and benefits. While measuring costs is…