Becker & Mincerian Models of Human Capital for Pakistan: A Case Study of Islamabad

Nadia Asghar () and Muhammad Waqas Chughtai ()
Additional contact information
Nadia Asghar: Research Scholar in National Defence University, Pakistan
Muhammad Waqas Chughtai: Research Scholar in National Defence University, Pakistan

Acta Universitatis Danubius. OEconomica, 2012, issue 8(6), 138-145

Abstract: Education is considered a key factor for of Human Capital formation which strengthens the society through skills, knowledge and as a result of that innovations take place. The Gary Becker and Mincer developed “Human Capital Model” which was based on relationship of income with level of education and experience. The present study investigates the effect of higher education and level experience on income of teaching staff of public sector educational institutes in Islamabad-Pakistan. There were 120 respondents randomly selected. The Ordinary Least Square (OLS) method was used to empirically examine the relationship among the variables. All coefficients of the variables found positively significant. The study concludes that increase in year of education and experience which ultimately increases income of the teaching staff. Therefore, the higher education plays a major role for enhancing income of teaching staffs of public sector educational institutes in Pakistan.

Keywords: higher education; experience; teacher income; human capital; Islamabad-Pakistan (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1547 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2012:i:6:p:138-145

Access Statistics for this article

More articles in Acta Universitatis Danubius. OEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Daniela Robu ().