Title
Effect of Education on the Economic Income of Households in Peru, Application of the Mincer Theory in Times of Pandemic (COVID-19)
Date Issued
01 July 2022
Access level
open access
Resource Type
journal article
Author(s)
Quispe-Mamani J.C.
Hancco-Gomez M.S.
Carpio-Maraza A.
Aguilar-Pinto S.L.
Flores-Turpo G.A.
Velásquez-Velásquez W.L.
Cutipa-Quilca B.E.
Alegre-Larico M.I.
Publisher(s)
Multidisciplinary Digital Publishing Institute (MDPI)
Abstract
The objective was to determine the effect of education on the economic income of households in Peru in times of the pandemic (COVID-19), for which a quantitative research approach was applied, of a non-experimental type and of descriptive-correlational design; the econometric model of log-linear type was used, based on the Mincer equation, with the information from the database of the National Household Survey, for the period of 2021. The economic income on average was 275.96 soles, with a standard deviation of 1451.41 soles, with high variability, identifying very precarious economic income ranging from 15.00 to 15,000.00 soles/month per worker; the years of schooling of the worker on average were 12 years, showing the scope of complete secondary training, with a population without years of education, and on the contrary, there are workers with postgraduate education, with the variability of 4 years. Finally, the effect of education measured through years of schooling on economic income is positive, or direct, since education explains 14.34% of economic income; the experience of the worker, gender, area of residence, age and marital status, in the same way, have a positive effect on economic income, strongly highlighting gender and area of residence which explain 19.86% and 30.45% of the economic income in the household in Peru.
Volume
11
Issue
7
Language
English
OCDE Knowledge area
Ciencias de la educación
Economía, Negocios
Subjects
Scopus EID
2-s2.0-85135438374
Source
Social Sciences
ISSN of the container
20760760
Sources of information:
Directorio de Producción Científica
Scopus