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The Returns to Education and Training: Evidence from the Malaysian Family Life Surveys

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  • Tsung-Ping Chung

Abstract

The main purpose of this paper is to investigate the private returns to education and training for a random sample of women in Malaysia in the 1980s. We estimate a standard Mincerian earnings function, augmented by information on the women's training experience. The results indicate that there are positive and economically significant returns to education and training. We also investigate the determinants of training and find that training participation is positively related to educational attainment, while if women are credit-constrained, they are significantly less likely to undertake training. We also examine the issue of self-selection in training participation and find that self-selection does not appear to cause an upward bias to the estimated returns to training for our sample.

Suggested Citation

  • Tsung-Ping Chung, 2000. "The Returns to Education and Training: Evidence from the Malaysian Family Life Surveys," Studies in Economics 0007, School of Economics, University of Kent.
    • Handle: RePEc:ukc:ukcedp:0007
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    References listed on IDEAS

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    1. Griliches, Zvi, 1997. "Education, Human Capital, and Growth: A Personal Perspective," Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages 330-344, January.
    2. Rosenzweig, Mark R. & Paul Schultz, T., 1987. "Fertility and investments in human capital : Estimates of the consequence of imperfect fertility control in Malaysia," Journal of Econometrics, Elsevier, vol. 36(1-2), pages 163-184.
    3. Lee A. Lillard & Robert J. Willis, 1994. "Intergenerational Educational Mobility: Effects of Family and State in Malaysia," Journal of Human Resources, University of Wisconsin Press, vol. 29(4), pages 1126-1166.
    4. Lorraine Dearden, 1999. "Qualifications and earnings in Britain: how reliable are conventional OLS estimates of the returns to education?," IFS Working Papers W99/07, Institute for Fiscal Studies.
    5. Blau, David M., 1985. "The effects of economic development on life cycle wage rates and labor supply behavior in Malaysia," Journal of Development Economics, Elsevier, vol. 19(1-2), pages 163-185.
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    Cited by:

    1. Rita Almeida & Marta Faria, 2014. "The wage returns to on-the-job training: evidence from matched employer-employee data," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-33, December.
    2. Hazrul Shahiri & Kihong Park, 2018. "Ethnic group returns to education during the early post†colonial period in Malaysia," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(1), pages 120-130, May.
    3. Alejos, Luis Alejandro, 2006. "La elección del sector laboral y los retornos a la educación en Guatemala [Labour Sector Choice and the Returns to Education in Guatemala]," MPRA Paper 42756, University Library of Munich, Germany.
    4. Priyam Saraf, 2017. "On-the-Job Training," World Bank Publications - Reports 27290, The World Bank Group.
    5. Kenayathulla, Husaina Banu, 2013. "Higher levels of education for higher private returns: New evidence from Malaysia," International Journal of Educational Development, Elsevier, vol. 33(4), pages 380-393.
    6. Siang, Liew & Noor, Zulridah, 2015. "The Impact of Training on the Conditional Wage Distribution in Selected Service Subsectors in Malaysia," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 49(1), pages 37-48.
    7. Rita Almeida & Reyes Aterido, 2015. "Investing in formal on-the-job training: are SMEs lagging much behind?," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-23, December.

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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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