Nuelda Amalia, - and Lilik Sugiharti, - (2019) DEVELOPMENT OF EDUCATION RETURN RATE IN EAST JAVA 2015 AND 2018. East Java Economic Journal, 3 (2). pp. 247-268. ISSN pISSN: 2597-8780, eISSN: 2830-2001

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Abstract

Education provides many benefits for the workforce, one of which is income when enter- ing the labor market. The return on educational benefits as measured by income is often referred to as the rate of return on education investment. This study aims to determine the development of the rate of return on education investment in East Java in 2015 and 2018. The data used are data from the East Java National Labor Force Survey (Sakernas) in 2015 and 2018. The estimated rate of return on education investment is carried out using the Heckman Selection Model Method which uses the Heckman Selection Model. modified Mincer’s Income Function Model to overcome sample-selectivity-bias. The result is that the rate of return on investment in education in East Java in 2015 and 2018 generally increased, except at the higher education level.

Item Type:	Article
Uncontrolled Keywords:	Return on Investment Education, Income, Profitability, East Java
Subjects:	H Social Sciences > HT Communities. Classes. Races > HT51-1595 Communities. Classes. Races > HT101-395 Urban groups. The city. Urban sociology L Education > LC Special aspects of education > LC65-67.68 Economic aspects of education
Creators:	Creators NIM Nuelda Amalia, - NIM041714453012 Lilik Sugiharti, - NIDN0025056804
Depositing User:	Tn Sugeng Riyanto
Date Deposited:	18 Apr 2023 09:56
Last Modified:	18 Apr 2023 09:56
URI:	http://repository.unair.ac.id/id/eprint/123984
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