Research Paper
Value adult learning: comparing wellbeing valuation to contingent valuation
Publication details
Summary
Uses data from the British Household Panel Survey to assess how the benefits of adult learning for society and for those who receive it. Economists think about individual benefits in terms of changes in utility and money, to compare the costs of adult learning with its benefits. Explores both experienced utility, where adult learning makes people think and feel better about life, and decision utility, adult learning is something people desire, and compares the results generated by each.