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  1. Yangon University of Economics
  1. Yangon University of Economics
  2. Doctor of Philosophy (PhD)

Estimation of Rate of Returns on Investment in Education in Myanmar (Khin Moh Moh, 2022)

https://meral.edu.mm/records/8363
https://meral.edu.mm/records/8363
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0cc46a69-8c60-4fe8-884a-00566f7d51d4
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Khin Khin Moh Moh, Stats.,4PhD-Ah-1, 13-9-2022.pdf (1.1 MB)
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Dissertation
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Title
Title Estimation of Rate of Returns on Investment in Education in Myanmar (Khin Moh Moh, 2022)
Language en
Publication date 2022-09-01
Authors
Khin Moh Moh
Description
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.
Thesis/dissertations
Yangon University of Economics
Dr. Maw Maw Khin
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