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Friday, January 13, 2006

Private returns to higher educaiton in Nigeria

What is the nature of returns to higher education in Nigeria?

By: Okuwa O
Published by: African Economic Research Consortium (AERC) , 2004
Via: Eldis

Education plays an important role in the creation and improvement of human capital, which is in turn essential for economic growth and development. As well as the benefits to society as a whole, education provides private returns to individuals: the higher an individual’s educational attainment, the higher that individual’s expected starting salary and the steeper the rise in earning capacity over time. This study endeavours to determine the relationship between years of schooling and earnings (rate of return) in Nigeria. The paper also examines the effect of the amount of time in the labour force (experience) on earnings.

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