The Returns to Education Based on Level of Education: Case of Kuwait
European Business Research Conference Proceedings, 2012
22 Pages Posted: 16 Aug 2012
Date Written: August 16, 2012
This paper estimates the rate of return to education for Kuwaiti males and females in 2010 for individual Data from Kuwait Civil Service Commission. The researcher adaption the Mincer earnings function for estimating private rate of return to education. The results in the regression model show a positive and economically significant parameter coefficient for education and negative returns to coefficient for more experience. The estimated rate of return for females is relatively higher than males. The average estimated return to education is 5.2%; the estimated return for females 6.7%; for males 5.5%.
Keywords: Kuwait Education, rate of return to education (RORE), Mincer equation, earning equation
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