Table 12 NPV of earnings of Ph.D. over non-PhD faculty at different interest rates.
From: Appraising the lifetime private economic returns of postgraduate degrees: Evidence from Pakistan
Interest rates | Earnings | Ph.D. degree from Pakistan | Ph.D. degree from Foreign |
|---|---|---|---|
3% | NPV of Ph.D. earning (NPVphd) | 10.9 M | 8.7 M |
Percentage change in earnings of Ph.D. over non-Ph.D. faculty | 40.10% | 32% | |
The net rate of return of a Ph.D. degree over the cost of a Ph.D. | 345.7% | 125% | |
Effect of different interest rates on the lifetime net earnings | −6.40% | 2.20% | |
7% | NPV of Ph.D. earning (NPVphd) | 6.85 M | 4.37 M |
Percentage change in earnings of Ph.D. over non-Ph.D. faculty | 46.50% | 29.80% | |
The net rate of return of a Ph.D. degree over the cost of a Ph.D. | 237.00% | 68.50% | |
11% | NPV of Ph.D. earning (NPVphd) | 4.42 M | 1.92 M |
Percentage change in earnings of Ph.D. over non-Ph.D. faculty | 47.90% | 20.88% | |
The net rate of return of a Ph.D. degree over the cost of a Ph.D. | 167.10% | 32.10% | |
Effect of different interest rates on the lifetime net earnings | 1.40% | -8.92% |
