DO HIGHER LEVELS OF SCHOOLING LEAD TO HIGHER RETURNS TO EDUCATION IN NIGERIA?

Abstract

The study found that completed years of schooling and experience were to large extent important variables that influenced earnings both in terms of parameters’ significance, direction and magnitude. Wage returns to additional years of schooling completed increased as the level of education increases, thus, the higher the level of education the higher the rate of return to the individual. Also, only the post-schooling years for higher education impacted relevantly in terms of direction and magnitude on earnings of the concerned individuals.