Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217774 
Year of Publication: 
2019
Citation: 
[Journal:] European Journal of Government and Economics (EJGE) [ISSN:] 2254-7088 [Volume:] 8 [Issue:] 1 [Publisher:] Universidade da Coruña [Place:] A Coruña [Year:] 2019 [Pages:] 81-95
Publisher: 
Universidade da Coruña, A Coruña
Abstract: 
Education provides good health, empowerment and employment to all people in the society. Accordingly, education can make a lifelong difference in individuals' lives. It is proved that, on average, there is a positive relationship between each additional year of schooling and the income of an individual. The main objective of this paper is to estimate the demand and supply functions for schooling in Egypt using the data of the Egypt Labor Market Panel Survey 2012. It is estimated that the private rate of return to education is 4.5%. Moreover, the rate of return to the number of years of experience is 2.6%, i.e. each additional year of experience will increase the earnings of an individual by 2.6% on average. It is concluded that individuals from poor families have an increased likelihood of receiving financial aid, which decreases their discounting rate of interest.
Subjects: 
investments in education
supply functions for schooling
skill mismatch
JEL: 
I21
I26
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.