The impact of education on earnings in the mining sector
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The study endeavors to determine the relationship between the years of schooling and the rate of return, that is earnings in the mining sector. There are also other factors that affect individual earnings such as, gender, age, marital status and experience, these factors are included in our analysis so as to isolate the effect of education on earnings. A qualitative research methodology was employed and questionnaires were administered in different gold mining companies to obtain data on the variables of interest. . The data was analysed with the use of tables and graphs to determine the relationship. The descriptive statistics results reveal that the mean monthly earnings of workers increase with more years of schooling. Literature also reveals that there is a positive relationship between education and earnings. The returns are low for those with lower levels of education and it is higher for those with higher levels of education like the university graduates. Thus the higher level of education, the higher the rate of return to the individual .Efforts should be made to improve the quality and investment in this level of education by encouraging private individuals to invest in and pay for higher education.
- Department of Economics