ESTIMATING THE ECONOMIC RETURNS OF EDUCATION IN KSA BY USING MINCERIAN EARNINGS FUNCTION

This study aims to measure the economic rate of returns for investment in KSA. by using both basic and extended Mincerian Earnings Function. In addition to this, the comparison had been established between the results obtained and those of other researches in the same domain. We adopted in the resea...

Full description

Saved in:
Bibliographic Details
Published in:International journal of economics and financial issues 2019-10, Vol.9 (6), p.94-99
Main Authors: Houcine, Benlaria, Zouheyr, Gheraia
Format: Article
Language:English
Subjects:
Earnings
Economics
Higher education
Human capital
Income distribution
Per capita
Rates of return
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This study aims to measure the economic rate of returns for investment in KSA. by using both basic and extended Mincerian Earnings Function. In addition to this, the comparison had been established between the results obtained and those of other researches in the same domain. We adopted in the research the model of Mincer in evaluating the rate of the economic returns according to previous classifications and the effective experience got by the individual in the work (measured by years). The result of the model application states that the economic return of university education in KSA has been improved by 10.35% based on the benchmark of Psacharopoulos International Return measured by 9.6%.
ISSN:2146-4138
2146-4138
DOI:10.32479/ijefi.8659