Returns to Education in South Africa: Evidence from the National Income Dynamics Study

Craig Depken; Chanda Chiseni; Ernest Ita

doi:10.2478/zireb-2019-0009

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Returns to Education in South Africa: Evidence from the National Income Dynamics Study

Zagreb International Review of Economics and Business

Volume 22 (2019): Issue 1 (May 2019)

By: Craig Depken, Chanda Chiseni and Ernest Ita

Open Access

|Jun 2019

Abstract

We utilize two waves of the National Income Dynamics Study in South Africa to estimate the returns to education in 2010 and 2012. We find that during this time period the returns to education were approximately 18% per year of education and that the returns were higher for females relative to males and higher for those living in urban relative to rural areas. The policy implications include a suggestion to continue investment in educational infrastructure, especially in rural areas, so as to increase the returns to education in those areas.

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Articles in this issue

DOI: https://doi.org/10.2478/zireb-2019-0009 | Journal eISSN: 1849-1162 | Journal ISSN: 1331-5609

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Language: English

Page range: 1 - 12

Published on: Jun 13, 2019

Published by: University of Zagreb, Faculty of Economics & Business

In partnership with: Paradigm Publishing Services

Publication frequency: 2 issues per year

Keywords:

instrumental variables,

Mincer equations,

developing countries

Related subjects:

Business and economics,

Political economics,

Macroeconomics,

Public finance and fiscal theory,

Business management,

Marketing, sales, customer relations,

Management, organization, corporate governance

© 2019 Craig Depken, Chanda Chiseni, Ernest Ita, published by University of Zagreb, Faculty of Economics & Business
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 22 (2019): Issue 1 (May 2019)