Abstract
The objective of this study was to estimate and determine the impact of human and some other non-human capital variables on the earnings of the workers in Pakistan based on Pakistan Social and Living Standard Measurement (PSLM) survey 2004- 05 of the Federal Bureau of Statistics (FBS) Islamabad, Pakistan. The study highlighted that education and experience of the workers were the two most important human capital variables that impacted more the monthly earnings of the workers in Pakistan. The impact of experience was greater than schooling of the workers. Secondly the rates of return to B.A/B.Sc and M.A/M.Sc were high as compared to other levels of education. Regarding professional educational fields of study, workers with degree in medicine (MBBS) received greater returns as compared to other professional fields of education. The urban dummy (UR) also paid high to the workers working in urban areas as compared to the workers in rural areas of Pakistan. An interesting outcome of this study was that contrary to the world-wide pattern of returns, where returns are high for primary education, returns to this level of schooling in Pakistan were the lowest.
Dr. Mohammad Farooq, . (2010) The Human and non-human Capital Determinants of Earnings of the Pakistani Labor Force, The Dialogue, Volume 5, Issue 1.
-
Views
388 -
Downloads
39
Next Article
