Application of Mincerian Equation to the Higher Secondary Schools Teachers in District Abbottabad, KP, Pakistan

Aziz Ullah Sayal; Dr. Meheen Mehreen; Nazish Raffaz; Kashaf Sayal; Rabiya Malik

Aziz Ullah Sayal Associate Professor, Department of Management sciences COMSATS University, Islamabad, Abbottabad Campus
Dr. Meheen Mehreen Assistant Professor, NUST Business School, Islamabad
Nazish Raffaz
Kashaf Sayal
Rabiya Malik

Keywords: This study is some sort first in the area investigates the statistical and Econometric relationship of academic years, experience and income. The schooling is a very significant determinant of personal income based on experimental and academic studies. Study tests the application of Mincerian equation to the higher secondary school teachers of district Abbottabad, KP Pakistan. The study is based on cross-sectional data of the year 2022. Data collected from the (Education Directorate Office Abbottabad. This study used a sample of 250 teachers. Log-linear model used for the estimation of parameters. and to concludes the results of regression. Results reveal the positive association of income with education and job market experience. Higher education has the greater contribution in income comparatively experience and academic years. One-year increase in higher education results 7 % increase in income level. The higher education returns for male teachers is 6% while for female 10%. The policy recommendation is to improve and invest in higher education.

Abstract

This study is some sort first in the area investigates the statistical and Econometric relationship of academic
years, experience and income. The schooling is a very significant determinant of personal income based on
experimental and academic studies. Study tests the application of Mincerian equation to the higher secondary
school teachers of district Abbottabad, KP Pakistan. The study is based on cross-sectional data of the year 2022.
Data collected from the (Education Directorate Office Abbottabad. This study used a sample of 250 teachers.
Log-linear model used for the estimation of parameters. and to concludes the results of regression. Results reveal
the positive association of income with education and job market experience. Higher education has the greater
contribution in income comparatively experience and academic years. One-year increase in higher education
results 7 % increase in income level. The higher education returns for male teachers is 6% while for female 10%.
The policy recommendation is to improve and invest in higher education.