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Education and Earnings nexus in Zimbabwe after the 2005-2008 hyper-inflationary period: An empirical analysis

Munyanyi, Musharavati Ephraim (2012): Education and Earnings nexus in Zimbabwe after the 2005-2008 hyper-inflationary period: An empirical analysis.

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Abstract

This study seeks to investigate the impact of education on individual earnings after the hyper-inflationary period (2005 - 2008). It follows the Mincerian Human Capital Model (log-linear approach). Data is collected through the use of questionnaires from government ministries during the calendar year 2012. The sample consists of 250 individuals (125 males and 125 females). Individual Earnings are regressed against human capital variables, as well as socio-economic variables. According to the results, levels of education and work experience in years are positively and significantly contributing to monthly individual earnings. The study suggests that Government should invest in education. The results also imply that there is dire need for establishment of institutes for technical education that train individuals according to requirements of the labour market and emphasis should be given to such programs which have a gap. This market oriented approach will boost human resources that can play a major role in accelerating the pace of development of the economy in the long run.

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