Table 11 Effect of delay in completion of the Ph.D. degree on NPV of earnings.
From: Appraising the lifetime private economic returns of postgraduate degrees: Evidence from Pakistan
Delays in Years | Earnings | Ph.D. degree from Pakistan | Ph.D. degree from Foreign |
|---|---|---|---|
1 | NPV of Ph.D. earning (NPVphd) | 6.01M | 3.52M |
Percentage change in earnings of Ph.D. over non-Ph.D. faculty | 40.84% | 23.97% | |
The net rate of return of a Ph.D. degree over the cost of a Ph.D. | 175% | 50.89% | |
Effect of dallying Ph.D. degree on the lifetime net earnings | −5.66% | −5.83% | |
2 | NPV of Ph.D. earning (NPVphd) | 5.156M | 2.66M |
Percentage change in earnings of Ph.D. over non-Ph.D. faculty | 35.04% | 18.10% | |
The net rate of return of a Ph.D. degree over the cost of a Ph.D. | 130.40% | 35.71% | |
Effect of dallying Ph.D. degree on the lifetime net earnings | −11.46% | −11.70% |
