DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-4,Issue-9 ( Sep, 2018 ) | |||||||||
Paper Title |
Private Returns to Education: A Study on Bhutan | |||||||||
Author Name |
Kencho, Niramol Ariyaarpakamol | |||||||||
Affilition |
Graduate School of Development Economics, NIDA, Thailand | |||||||||
Pages |
116-120 | |||||||||
Abstract |
This paper attempts to estimate the private rate of returns to schooling for workers in Bhutan, using the Mincerian earning framework with pooled regression models. The study uses six waves of Bhutan’s labor force survey data extending from the year 2010 to 2015 for those workers born in the year 1929 to 2000. The results show one extra year of schooling increased an hourly real wage by around 9 percent, and that one additional year of work experience increased an hourly real wage by around 5 percent. This indicates that the private returns to education were higher when accomplishing one additional year of schooling in comparison with gaining one additional year of work experience in Bhutan. Keywords - Mincerian Earning Framework, Pooled Regression, Private Returns, and Real Wage. | |||||||||
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