Effects of education on income in Mexico, 2022
DOI:
https://doi.org/10.21919/remef.v21i3.1159Keywords:
dichotomous variables, education returns, Mincer income equationAbstract
The research aims to estimate the education returns of heads of household in Mexico using data from the 2022 National Household Income and Expenditure Survey (ENIGH). Methodology: This study applies the Mincerian income equation and dichotomous variables. Results: Education, experience, and income from overtime work have a positive impact on the household heads’ income, on the other hand, income rises with additional schooling, and higher levels of education contribute more significantly to income. Recommendations: it is suggested that decision- makers implement strategies to promote schooling to increase individual’s income. Limitations: The research is restricted to information on heads of household in Mexico in 2022. Originality: The study uses microdata from ENIGH 2022 with 90102 records, one of the most comprehensive datasets available in recent years. Conclusions: Income increase with levels of schooling.
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