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A Comparison of Educational Investments and Returns in Basic Nursing Education Programs: Estimating Private and Social Internal Rates of Return Naomi Akiyama 1,2 , Noriyoshi Nakayama 3 1Graduate School of Nursing, Nagoya City University 2Graduate School of Economics, Doctoral Student, Graduate School of Economics, Nagoya City University 3Graduate School of Economics, Nagoya City University Keyword: 看護師教育 , 私的収益率 , 社会的収益率 , 高等教育進学意欲 , nursing education , private rate of return , social rate of return , willingness to pursue higher education pp.854-863
Published Date 2025/12/31

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  • Abstract
  • Reference

 Objective: This study compared the educational investment and economic returns of diferent nursing education pathways in Japan that qualify students to take the national examination for registered nurses, specifcally universities, junior colleges, and technical colleges.

 Methods: Private costs were calculated by including admission fees, tuition, other mandatory payments, extracurricular activity costs, commuting expenses, and the earnings foregone by female high school graduates owing to continued education. Social costs were estimated by adding public subsidies and pre-tax foregone earnings to private costs. Expected lifetime earnings were calculated based on the diference between the afer-tax wages of registered nurses and high school graduates. The internal rate of return (IRR) method was used to estimate both private and social rates of return. The data were drawn from government statistics and publicly available information from educational institutions.

 Results: The analysis indicated that the private rates of return were highest for private technical colleges (male: 1.4%, female: 13.8%), whereas the lowest values were observed for private universities (male: -3.4%, female: 8.4%). Regarding the social rates of return, private technical colleges also yielded the highest values (male: 1.2%, female: 13.4%), while the lowest were recorded for national universities (male: -4.3%, female: 7.3%).

 Conclusion: Although junior colleges and technical colleges demonstrate higher returns, the proportion of students entering university continues to rise. The reason for this discrepancy, however, remains unclear. Future research should incorporate frameworks for quantitatively evaluating educational outcomes and exploring the relationship between educational choices and quality of nursing care. Comprehensive investigations are needed to inform evidence-based educational and career decision making in nursing.


Copyright © 2025, Japan Academy of Nursing Science. All rights reserved.

基本情報

電子版ISSN 2185-8888 印刷版ISSN 0287-5330 日本看護科学学会

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