DEMOGRAPHIC FACTORS AS DETERMINANTS OF PRIVATE RETURNS TO INVESTMENT IN EDUCATION AMONG NIGERIAN WORKERS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
Earlier studies on private returns to education in Nigeria neither gave adequate attention to the demographic factors nor covered the whole country. Some of them investigated the relationship among years of schooling, experience and earnings that covered one state, while others investigated some of the demographic factors that covered a few states. This study, therefore investigated the contributions of demographic factors to private returns to investment in education across the six geo-political zones in Nigeria. The study adopted the descriptive survey research design. Data were collected using the 2005 Labour Market Survey of the National Manpower Board covering 19,888 Nigerian workers: 7,032 with no formal education; 4,910 with primary school certificate; 4,873 with secondary school certificate; and 3,073 with first degree. Occupations were categorised into agriculture, information management, commerce and industry, education, health and safety, science and technology, legal and security, and others. Sectors of employment were grouped into private and public across the six national geopolitical zones. Nine research questions were answered and four hypotheses tested at 0.05 level of significance. Data were analysed using multiple regression and modified Mincerian earnings function. There was a significant difference in workers’ earnings across the geo-political zones (R=0.03, F (5, 19,882) =4.693, p< 0.05). These accounted for 3.4% of the variance in workers’ earnings. The Scheffe post-hoc analysis showed two homogeneous subsets, revealing that North-East, South-South, and South-West salary structures were almost the same, while South-South, South-West, North-Central, North-West, and South-East belonged to the second homogenous group. These results indicated that workers in the North East zone were the least paid, while South East zone workers received the highest earnings. All the independent variables significantly correlated with workers’ earnings (R=0.64, F (7, 8,021) =774.80, p< 0.05) and accounted for 40.3% of the variance in workers’ earnings. Each demographic factor correlated with workers’ earnings as follows: level of education (r=0.034); geo-political zone (r=0.034); occupation (r=0.018); and sector of employment (r=0.07). The following variables also predicted earning differentials: work iii experience (β =0.61); level of education (β = 0.37); and sector of employment (β = 0.02). Earning equations explained 82.9% of the variations in log earnings for all workers, implying that the higher the level of education of workers within the same sector, the higher the earnings. The model for female workers in the public sector explained 85.5% while that of male explained 84.8% of such variations. The slight difference in the male and female coefficients indicated little difference in earnings based on gender. The coefficients for the private sector workers showed that the model for the female explained 83.5% of the variations in log earnings, while that of the male explained 83.3% of the variations. Work experience, level of education and sector of employment are important determinants of private returns to investment in education. Private returns differed across the six geo-political zones in Nigeria. Employers of labour, particularly in the North-East zone should ensure that workers’ remunerations are commensurate with their level of education so as to minimise earning differentials.
Related Project Materials
The Adoption of Cloud Computing in Financial Services: A Study of Fintech Companies in Jigawa State
Background of the Study
Cloud computing has revolutionized the financial services industry by providing scalable, cost-effective, and sec...
Development of a Predictive Analytics Model for University Staff Performance in Federal Polytechnic Bauchi, Bauchi State
Background of the Study
University staff performance is a critical determinant of institutional efficiency and academic ex...
An Assessment of Phonological Variation in Nigerian Social Media Audio: A Case Study of TikTok Lip Sync Videos
Background of the study
Digital media platforms have redefined spoken language by creating spaces for experimentation in ph...
THE ROLE OF VOCATIONAL TRAINING IN SUPPORTING THE ELECTRIC VEHICLE INDUSTRY
ABSTRACT: The role of vocational training in supporting the electric vehicle industry is crucial for developing the necessary workforce to adv...
Enhancing Network Security Using Blockchain Technology in Federal University, Kashere, Gombe State
Background of the Study
With the increasing reliance on digital platforms for research, administration,...
THE ENFORCEMENT OF COURT JUDGMENTS AND ORDERS IN THE HIGH COURT OF THE FEDERAL CAPITAL TERRITORY, ABUJA: PROCEDURES AND CHALLENGES
ABSTRACT
This study titled “The Enforcement of Court Judgments and Orders in the High Court of the Federal Capital Territory, Abuja...
THE ROLE OF CULTURAL SENSITIVITY TRAINING IN VOCATIONAL SETTINGS
ABSTRACT: The Role of Cultural Sensitivity Training in Vocational Settings examines the importance of cultural competence in vocational education a...
IMPACT OF UNEMPLOYMENT ON YOUTH RESTIVENESS IN NIGERIA
ABSTRACT
This study was carried out to examine the impact of unemployment on youth restiveness in Akwa...
An Evaluation of the Role of Ethics Education in Shaping Nursing Students’ Professional Conduct in Abia State University Teaching Hospital
Background of the Study
Ethics education is an integral part of nursing curricula worldwide, as it helps shape the professional conduct a...
An Investigation of Rural Development Policies in Enhancing Economic Growth in Gwagwalada Local Government, Federal Capital Territory
Chapter One: Introduction
1.1 Background of the Study
Rural development is pivotal to fostering economic growth, particularly i...
