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Estimating Private Financial Return On Investment In Education In Tangail City: A Mincerian Model Analysis

Author

Listed:
  • Kazi Tabassum

    (Department of Economics, Mawlana Bhashani Science and Technology University, Bangladesh)

  • Muhammad Rabiul Islam Liton

    (Department of Economics, Mawlana Bhashani Science and Technology University, Bangladesh)

Abstract

Several reasons are responsible for income disparity across different nations. Education established itself to be the primary reason for such disparities. Therefore, estimation of return on investments in education has become a great concern of the researchers in recent years. In most of the cases researchers used earnings function for estimating return on investments in education and found lower return for developing and least developed countries. Therefore, the study aimed to investigate the private financial return on investments in education in Tangail City of Bangladesh. To pursue the study, the required data from 100 respondents from the study area were collected. The study employed the Mincerian Model for estimating the rate of private financial return on investments in 1 year education in Tangail City. It found the rate 2.1% which is very low. Parallely, the study also revealed that besides education, type of occupation and job experience had a great influence on the income of people of Tangail City.

Suggested Citation

  • Kazi Tabassum & Muhammad Rabiul Islam Liton, 2023. "Estimating Private Financial Return On Investment In Education In Tangail City: A Mincerian Model Analysis," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 21(1), pages 65-70, May.
    • Handle: RePEc:tuz:journl:v:21:y:2023:i:1:p:65-70
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    References listed on IDEAS

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    More about this item

    Keywords

    Private Financial Return; Education; Mincerian Model; Tangail;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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