Returns to education for Malaysian ILKBS graduates

• Main Authors: Chellapan, Komathi, Kenayathulla, Husaina Banu
• Format: Article
• Published: Department of Educational Management, Planning & Policy, Faculty of Education, University of Malaya 2020
• Subjects: L Education (General)
• Online Access: http://eprints.um.edu.my/35916/; https://www.scopus.com/inward/record.uri?eid=2-s2.0-85099410874&partnerID=40&md5=e3e5c601ea6727626ca08c7627cf050b
• Institution: Universiti Malaya

Malaysian government has consistently invested in human capital development to achieve a developed, competitive and high income nation by 2020. In conjunction with this, the study is to examine the rates of return to education for male and female graduates of Youth and Sports Skills Training Institution (ILKBS) Malaysia. Specifically, the objectives of this study are to analyze the private rates of return to education for ILKBS male and female graduates and compare the private rates of return to ILKBS graduates by gender. This study uses Mincerian Earning Method (1974) to estimate private returns to education for ILKBS graduates. This research uses a quantitative survey that involved a total of 3517 ILKBS graduates at the 11th IKBN/IKTBN Convocation Ceremony. Data were analysed using the Ordinary Least Square method. The findings of this study indicated that the average private returns to education for male graduates (n=2416) and female graduates (n=1101) were 15.1 and 18.8 respectively. Furthermore, this study also found that average private returns for male graduates (n=2416) and female graduates (n=1101) at diploma level are 16.9 and 17.9 respectively. The findings implies that more investment in human capital development of ILKBS graduates yields greater returns in future. © 2021, University of Malaya. All rights reserved.