Higher education and earnings : a cross sectional study of the earnings pattern and the internal rate of return to post-secondary education in Japan
| dc.contributor.author | Yu, Winnie Wing Che | en_US |
| dc.date.accessioned | 2024-08-15T20:20:01Z | |
| dc.date.available | 2024-08-15T20:20:01Z | |
| dc.date.copyright | 1993 | en_US |
| dc.date.issued | 1993 | |
| dc.degree.department | Department of Economics | en_US |
| dc.degree.level | Master of Arts M.A. | en |
| dc.description.abstract | The purpose of this thesis is to discover the relations between higher education and earnings. I first document the recent development in the studies of human capital. The focus is on three different approaches: (1) the human capital theory, (2) the screening hypothesis and (3) the market segmentation theory. Then I describe characteristics of the educational system and the labour market in Japan. They include the competitiveness and hierarchical features of the educational system, and the persistent wage gap between sexes and employees of different firms found in the labour market. In order to investigate the impact of education on earnings I present a disaggregated regression based the segmented characteristic of the labour market. This model is found to be valid in the Japanese context and the regression results indeed support the notion of wage differential across market segments. Among the findings are: (1) the impact of university education on earnings is greatest among all other factors such as age and experience, (2) the female segment of the labour market is more stratified by educational attainment. Then I calculate the internal rate of return of higher education for workers in various segments and find that in general the rate for females is higher than that for males. In addition, the rates in various market segments are found to be quite high compared to the returns on non-human capital. Lastly I draw some inferences of the present analysis and conclude that various theories mentioned above on human capital have some validity in the interpretation of my findings. | en |
| dc.format.extent | 127 pages | |
| dc.identifier.uri | https://hdl.handle.net/1828/20250 | |
| dc.rights | Available to the World Wide Web | en_US |
| dc.subject | UN SDG 8: Decent Work and Economic Growth | en |
| dc.title | Higher education and earnings : a cross sectional study of the earnings pattern and the internal rate of return to post-secondary education in Japan | en_US |
| dc.type | Thesis | en_US |
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