An Analysis of Expenditure and Satisfaction on Education

Abstract

The purpose of this study is to explore the impact of education spending on personal income and satisfaction. Statistical data is obtained from Institute of statistics in Albania (INSTAT) to measure trends over years. In addition, survey is implemented. 612 surveys are collected from four different cities from youths and their parents (330 surveys for young’s and 280 from their parents). Descriptive analysis and ANOVA is conducted. The empirical results indicate that there exists a positive strong correlation between education level and income levels. The result has some implications to policy makers, individuals and investors.