ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSIS
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...
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| Format: | Article |
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Faculty of Economics, University of Tuzla
2023-05-01
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| Series: | Economic Review |
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| Online Access: | https://www.er.ef.untz.ba/index.php/er/article/view/18 |
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| author | Kazi Tabassum Muhammad Rabiul Islam Liton |
| author_facet | Kazi Tabassum Muhammad Rabiul Islam Liton |
| author_sort | Kazi Tabassum |
| collection | DOAJ |
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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.
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| format | Article |
| id | doaj-art-7c295bdf7a7443ae948b5e67b9d92b85 |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2023-05-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-7c295bdf7a7443ae948b5e67b9d92b852025-02-11T00:32:48ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2023-05-01211ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSISKazi Tabassum0Muhammad Rabiul Islam Liton1Department of Economics, Mawlana Bhashani Science and Technology University, BangladeshDepartment of Economics, Mawlana Bhashani Science and Technology University, Bangladesh 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. https://www.er.ef.untz.ba/index.php/er/article/view/18Private Financial ReturnEducationMincerian ModelTangai |
| spellingShingle | Kazi Tabassum Muhammad Rabiul Islam Liton ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSIS Economic Review Private Financial Return Education Mincerian Model Tangai |
| title | ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSIS |
| title_full | ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSIS |
| title_fullStr | ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSIS |
| title_full_unstemmed | ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSIS |
| title_short | ESTIMATING PRIVATE FINANCIAL RETURN ON INVESTMENT IN EDUCATION IN TANGAIL CITY: A MINCERIAN MODEL ANALYSIS |
| title_sort | estimating private financial return on investment in education in tangail city a mincerian model analysis |
| topic | Private Financial Return Education Mincerian Model Tangai |
| url | https://www.er.ef.untz.ba/index.php/er/article/view/18 |
| work_keys_str_mv | AT kazitabassum estimatingprivatefinancialreturnoninvestmentineducationintangailcityamincerianmodelanalysis AT muhammadrabiulislamliton estimatingprivatefinancialreturnoninvestmentineducationintangailcityamincerianmodelanalysis |