2026-06-24T03:50:57Z https://meral.edu.mm/oai

oai:meral.edu.mm:recid/00008363 2024-05-27T03:51:26Z 1582963436320 1582963436320:1582965742757

Estimation of Rate of Returns on Investment in Education in Myanmar (Khin Moh Moh, 2022) Khin Moh Moh Education is one of the main drivers of economic growth and development The success of education system of a country depends on the motivation of individuals within the system. A person’s motivation to pursue education is largely determined by the monetary returns among other things such as career advancement, skill development, and employment opportunities. This study aims to analyse the returns on education in Myanmar by using data from Labour Force Survey (2015) of Myanmar. The Mincer’s wage model and recursive (path) model were used to analyse the rate of returns on investment in education. The findings showed that education had positive and significant effect on earnings, and the rate of returns was about 2.9 per cent in 2015. Moreover, there was an inverted U-shaped relationship between working experience and earnings. The results also indicated that there was an income gap in gender, region and marital status in Myanmar. According to the results, working family members’ education could contribute to improve the type of their occupation and higher wage. And then according to the estimated coefficients of the path model, father education and father occupation, father education and other working family members’ education, father occupation and other working family members’ occupation, other working family members’ education and their occupation and their earnings are significantly linking. Based on the findings, it is recommended that the estimation of rate of returns on investment in education is important for the policymaker in order to create the society with people more pursuing education. In such a way, the society will tend to achieve economic stability, healthier environment, lower crime, and greater equality. 2022-09-01 https://meral.edu.mm/records/8363