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Returns to education: updates for Malaysia

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  • T. -P. Chung

Abstract

This article provides updated returns to education estimates for Malaysia. Current returns as presented in international updates are 32.6 and 34.5 for the secondary and higher education levels. New estimates were obtained using data from the Malaysian Household Income Survey 1997, a nationally represented survey. The findings show that returns to education remain high and positive, in particular, the returns to the higher educational level, encompassing the pre-university qualification and higher education qualifications. Results also display marginal gross returns of 14.1 for those completing the upper secondary education level and 16.4 for those completing the higher education level for the overall sample. By gender, the marginal gross returns for males are 12.0 at the upper secondary level and 18.1 at the higher education level and for females, 15.7 and 16.4 respectively.

Suggested Citation

  • T. -P. Chung, 2003. "Returns to education: updates for Malaysia," Applied Economics Letters, Taylor & Francis Journals, vol. 10(13), pages 837-841.
    • Handle: RePEc:taf:apeclt:v:10:y:2003:i:13:p:837-841
    DOI: 10.1080/1350485032000138926
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    References listed on IDEAS

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    1. George Psacharopoulos, 1985. "Returns to Education: A Further International Update and Implications," Journal of Human Resources, University of Wisconsin Press, vol. 20(4), pages 583-604.
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    9. Falaris, Evangelos M, 1995. "The Role of Selectivity Bias in Estimates of the Rate of Return to Schooling: The Case of Married Women in Venezuela," Economic Development and Cultural Change, University of Chicago Press, vol. 43(2), pages 333-350, January.
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    Cited by:

    1. Marouani, Mohamed A. & Nilsson, Björn, 2016. "The labor market effects of skill-biased technological change in Malaysia," Economic Modelling, Elsevier, vol. 57(C), pages 55-75.
    2. Hazrul Shahiri & Kihong Park, 2018. "Ethnic group returns to education during the early post†colonial period in Malaysia," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 32(1), pages 120-130, May.
    3. Ismail, Ramlee, 2007. "The Impact of Schooling Reform on Returns to Education in Malaysia," MPRA Paper 15021, University Library of Munich, Germany, revised 29 Jan 2008.
    4. Kenayathulla, Husaina Banu, 2013. "Higher levels of education for higher private returns: New evidence from Malaysia," International Journal of Educational Development, Elsevier, vol. 33(4), pages 380-393.
    5. Hazrul Shahiri & Zulkifly Osman & Kihong Park, 2016. "Union relevance in the Malaysian labour market," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 30(2), pages 45-56, November.
    6. A. Nikolaou & I. Theodossiou, 2006. "Returns to qualifications and occupation for males and females: evidence from the British Workplace Employee Relations Survey (WERS) 1998," Applied Economics Letters, Taylor & Francis Journals, vol. 13(10), pages 665-673.

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