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THE RETURNS TO EDUCATION AND TRAINING: EVIDENCE FROM THE MALAYSIAN FAMILY LIFE SURVEYS
Author(s) -
Chung TsungPing
Publication year - 2004
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2004.00215.x
Subject(s) - earnings , training (meteorology) , educational attainment , economics , sample (material) , demographic economics , function (biology) , labour economics , economic growth , finance , geography , chemistry , chromatography , evolutionary biology , meteorology , biology
. The main purpose of this paper is to investigate the private returns to education and training in the 1980s for a random sample of women in Malaysia. I estimate a Mincer type earnings function, augmented by information on the women's training experience. The results indicate that there are positive and economically significant returns to education and training. I also investigate the determinants of training and find that training participation is positively related to educational attainment, while if women are credit‐constrained they are significantly less likely to undertake training.