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Do Higher Levels Of Schooling Lead To Higher Returns To Education In Nigeria?

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  • Lloyd Ahamefule AMAGHIONYEODIWE
  • Tokunbo Simbowale OSINUBI

Abstract

The study found that completed years of schooling and experience were to large extent important variables that influenced earnings both in terms of parameters’ significance, direction and magnitude. Wage returns to additional years of schooling completed increased as the level of education increases, thus, the higher the level of education the higher the rate of return to the individual. Also, only the post-schooling years for higher education impacted relevantly in terms of direction and magnitude on earnings of the concerned individuals.

Suggested Citation

  • Lloyd Ahamefule AMAGHIONYEODIWE & Tokunbo Simbowale OSINUBI, 2007. "Do Higher Levels Of Schooling Lead To Higher Returns To Education In Nigeria?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(1).
    • Handle: RePEc:eaa:aeinde:v:7:y:2007:i:1_14
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    File URL: http://www.usc.es/economet/reviews/aeid7114.pdf
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    References listed on IDEAS

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    6. Compton Bourne & Anand Dass, 2003. "Private and Social Rates of Return to Higher Education in Science and Technology in a Caribbean Economy," Education Economics, Taylor & Francis Journals, vol. 11(1), pages 1-10.
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    Cited by:

    1. Hatidza Jahic & Amila Pilav-Velic, 2021. "Measuring returns on investment in education: lessons for sustainable and innovative education policy," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 19(2), pages 189-209.
    2. GUISAN, Maria-Carmen, 2009. "Education, Health And Economic Development: A Survey Of Quantitative Economic Studies, 2001-2009," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 9(1), pages 129-148.

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