Year: 2016 | Month: December | Volume 7 | Issue 3
Earnings Effect of Education in Nagaland
Abstract:
This paper attempts to study the impact of education on earnings in the state of Nagaland in India. The returns to education are derived through the Mincerian earnings function. The study found positive relation between years of schooling and income. Overall, income increases by 5.5 percent for each year increase in schooling. The rate of return to schooling is found to be highest for primary education at 17.2 percent, while that of secondary and higher education are found to be 6 and 7.5 percent respectively. Females have higher rate of return at 6.9 percent as compared to males at 2.8 percent. Similarly, urban workers have higher returns to schooling at 5.7 percent comparing to rural workers at 4.8 percent.
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