The Impact of College Graduates on Bahamian Society: With Emphasis on Graduates from The College of The Bahamas

William J. Fielding

Abstract


Society at large, both government and residents, invests in education, a process which is considered to reach its apex with a university qualification. Economically, education is typically seen to be both a private and public good, and so it is useful to determine the benefits to both the individual and society arising from this investment. This paper examines the economic contributions of university-educated Bahamians to society. Using information obtained from The College of The Bahamas and other official sources, the study demonstrates that having a populace with higher education has a beneficial impact upon the Bahamian economy.

Keywords


Higher Education; Economics; College of The Bahamas

Full Text:

PDF

References


Altbach, P. G., Reisberg, L., & Rumbley, L. E. (2009). Trends in global higher education: Tracking an academic revolution. Paris: UNESCO. Retrieved from http://atepie.cep.edu.rs/public/Altbach,_Reisberg,_Rumbley_Tracking_an_Academic_Revolution,_UNESCO_2009.pdf

Bahamas Department of Statistics. (2004). The Bahamas living conditions survey, 2001. Nassau, Bahamas: Author.

Bahamas Department of Statistics. (2011). Labour force and household income survey. Nassau, Bahamas: Author. Retrieved from http://statistics.bahamas.gov.bs/download/086361700.pdf

Bahamas Department of Statistics. (2012). 2010 Census of population and housing. Nassau, Bahamas: Author. Retrieved from http://statistics.bahamas.gov.bs/download/024494100.pdf

Bahamas Ministry of Finance. (2012). Estimates of expenditure on revenue account, 2012/13. Retrieved from http://www.bahamas.gov.bs/wps/wcm/connect/ca15826e-824d-4109-bbf4-dc68436a3c5b/FY2012+Recurrent+Expenditure+Estimates+Details+20120529.pdf?MOD=AJPERES

Bethel, K. (1999). Educational reform in The Bahamas. Retrieved from http://www.wethepeoplebahamas.org/UserFiles/HTMLEditor/EDUCATIONAL REFORM IN THE BAHAMAS by keva bethel.pdf

Brathwaite, N., Brathwaite, A., & Taylor, M. (2011). The socio-economic determinants of obesity in adults in the Bahamas. West Indian Medical Journal, 60(4), 434-441.

Brennen, B. H. (2003, November 20). Gender issues in tertiary education. Paper presented at the Association of Tertiary Education Annual Conference, Nassau, Bahamas. Retrieved from http://www.soencouragement.org/genderissues-in-higher-education.htm

Carroll, M., Fielding, W. J., Brennen, S., & Hutcheson, S. (2011, November 5). Rearing violence in Bahamian homes. Paper presented at the Violence Symposium, College of the Bahamas. Retrieved from http://www.cob.edu.bs/Research/ViolenceSymposium/ViolenceSymposium2011_ViolenceinHomes.pdf

Coulson, N. E. (2002). Housing policy and the social benefits of homeownership. Business Review, 2, 7-16.

Cunningham, A. (2006). The broader societal benefits of higher education. Washington, DC: Solutions for our Future. Retrieved from http://english.highline.edu/developmental/Broader%20Social%20Benefits.pdf

Lochner, L., & Moretti, E. (2003). The effect of education on crime: Evidence from prison inmates, arrests, and self-reports. Retrieved from http://files.eric.ed.gov/fulltext/ED463346.pdf

National Center for Injury Prevention and Control. (2003). Costs of intimate partner violence against women in the United States.

Atlanta, GA: Centers for Disease Control and Prevention. Retrieved from http://www.bvsde.paho.org/bvsacd/cd57/intimate.pdf

Organisation for Economic Cooperation and Development. (2012).What are the returns on higher education for individuals and countries? Education Indicators in Focus, 6. doi:10.1787/5k961l69d8tg-en

Parke, M. (2003). Are married parents really better for children?: What research says about the effects of family structure on child well-being. Washington, DC: Center for Law and Social Policy. Retrieved from http://files.eric.ed.gov/fulltext/ED476114.pdf

Progressive Liberal Party (Bahamas). (2012). A charter for governance. Nassau, Bahamas: Author. Retrieved from http://myplp.org/issues/charter/

Prison numbers swell (2012, May 25). The Bahamas Journal. Retrieved from http://jonesbahamas.com/prison-numbers-swell/

Rodgers, K. J. (2013). The Bahamian dream. Nassau, Bahamas: Media Enterprises.

Rossi, P. H., & Weber, E. (1996). The social benefits of homeownership: Empirical evidence from national surveys. Housing Policy Debate, 7(1), 1-35. Retrieved from http://content.knowledgeplex.org/kp2/img/cache/documents/1374.pdf

Seguino, S. (2003). Why are women in the Caribbean so much more likely than men to be unemployed? Social & Economic Studies, 52(4), 83-120.

Stevenson, M. (2012, September 18). Economic discourse and criminality in The Bahamas. Paper presented at the Criminality Colloquium, College of The Bahamas.

Taylor, M. C., Gibson, J., & Fielding, W. J. (2013, June 12). The role of education in national development: The case of an independent Bahamas. Paper presented at The Bahamas at Forty Colloquium, College of The Bahamas.

Taylor, M. C. & Johnson, P. (2012). [Family factors and educational attainment]. Unpublished raw data.

Thompson, D., Edelsberg, J., Colditz, G. A., Bird, A. P., & Oster, G. (1999). Lifetime health and economic consequences of obesity. Archives of Internal Medicine, 159(18), 2177-2183. http://dx.doi.org/10.1001/archinte.159.18.2177

United Nations Development Programme. (2011). Human development report 2011. New York, NY: Author. Retrieved from http://hdr.undp.org/sites/default/files/reports/271/hdr_2011_en_complete.pdf

U.N. Office on Drugs and Crime, & World Bank Latin America and the Caribbean Region. (2007). Crime, violence, and development: trends, costs, and policy options in the Caribbean. New York, NY: Author. Retrieved fromhttp://www.unodc.org/pdf/research/Cr_and_Vio_Car_E.pdf

World Bank, & International Finance Corporation. (2011). The Bahamas country profile 2010. Washington, DC: Author. Retrieved from http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/11/11/000470435_20141111143411/Rendered/PDF/922960WP0Box380PUBLIC00Bahamas02010.pdf




DOI: http://dx.doi.org/10.15362/ijbs.v20i2.209

Copyright (c) 2014 International Journal of Bahamian Studies