Do Higher Levels of Qualification Lead to Higher Returns to Education: Evidence from Malaysian Education Sector

Using data from a Household Income Survey (HIS), this study provides first evidence about returns to education at highest certificates of qualification in the Malaysian Education sector. We employ a simple Ordinary Least Squares (OLS) estimator with robust standard errors to estimate the Mincerian equation during the years 2002–2007.  Our results show that workers with degree qualifications have high average returns, followed by diploma-educated...