Progression in career from undertaking a part time coursecan help you understand the value of

Value

£1070 per person per year

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Year2012
Status:
Country:
TechniqueStated preference - contingent valuation - willingness to pay
Description
Progression in career from undertaking a part time course
Using the contingent valuation method, we find that a course that enabled someone to progress in their work or career is, on average, valued at £1070. This is the most highly valued benefit. The least important benefit is "enabled you to help your children with school”, with an average WTP of £435. The impact on life satisfaction is valued as the second most important benefit: a course that made them more satisfied with their life overall is, on average, valued at £947.
BIS Research Paper, November 2012, Paul Dolan and Daniel Fujiwara
References
Valuation Source: Department for Business Innovation and Skills, Valuing Adult Learning: Comparing Well-being Valuation to Contingent Valuation Report Source: Department for Business Innovation and Skills, Valuing Adult Learning: Comparing Well-being Valuation to Contingent Valuation bis.gov.uk/assets/biscore/further-education-skills/docs/v/12-1127-valuing-adult-learning-comparing-wellbeing-to-contingent Reference: Department for Business, Innovation and Skills Datasource: bis.gov.uk/assets/biscore/further-education-skills/docs/v/12-1127-valuing-adult-learning-comparing-wellbeing-to-contingent

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