Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98588
Authors: 
Hollenbeck, Kevin
Year of Publication: 
2012
Series/Report no.: 
Upjohn Institute Working Paper 12-188
Abstract: 
Under more and more fiscal scrutiny because of shrinking state and local budgets, workforce development programs are being asked to estimate their return on investment (ROI). This paper introduces basic concepts of ROI in workforce development programs. It distinguishes ROIs estimated for workforce programs from those that are estimated for financial investments or capital projects. The paper furthermore exposits the basic ingredients of an ROI study - identification of the treatment and time periods of analysis, identification of the net impacts of the program, and identification of net costs. Finally, the paper presents results from the estimation of the ROI for postsecondary career and technical education in the State of Washington.
Subjects: 
Return on investment
present value
net present value
benefit cost analysis
workforce development
postsecondary CTE
Washington state
human capital
JEL: 
H43
J24
J68
Document Type: 
Working Paper

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