TROŠKOVI I KORISTI OBRAZOVANJA – KRATAK PREGLED
THE COSTS AND BENEFITS OF EDUCATION – A BRIEF REVIEW

Summary/Abstract: Analysis of the interdependence of education and economic development is a subject of interest of researchers for many decades. A large number of published studies, papers and books on the impact of education on the process of economic development has given us the necessary foundation of a multidisciplinary approach in research process of link between education and development process. A separate unit of research is the analysis of the costs and benefits of investments in education. The analysis of costs, benefits and return on investment in education has gained in importance during the 1980s of the last century. Calculations of these three dimensions of education have been the focus of many governments and international organizations works, stressing the importance of education for sustainability of the development process, creation of the welfare state and the knowledge based economy. This work is a comprehensive presentation of current theoretical and practical aspects of the analysis of investment in education.

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