Unlocking Effect of Education
Unlocking Effect of Education
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2013
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eng
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application/pdf
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5 pages
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International Proceedings of Economics Development and Research, Vol. 61 (2013): 51-55
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Abstract
This paper illustrates the benefit of evaluating the effect of education on income using education
level rather than years of schooling. The result indicates that an extra year of advance education is worth
more than an extra year of basic education.Our findings contradict with past research articles that find
evidence of diminishing return to education but are consistent with Becker's[2] and Schultz's[9] claim that the
positive effect of education on income is not uniform. Ultimately, our findings offer guideline for nation’s
education financing policy.