Questioning the linearity of the return to education on salary: Case of the Casablanca region

Abstract

In economics, education is considered a good. Education meets a human need. It therefore has the property of satisfying this need. Each human being is then able to recognize the usefulness that this good provides. For this, everyone must be able to appropriate it. What is the essence of the characteristics that economics gives to education? Coming from the same disciplinary field, the theory of human capital seeks to demonstrate that education can constitute capital when it accumulates and generates future gains. Education is thus part of the logic of investment. This is what we are attempting to outline here. The analysis of private rates of return to education is not a new phenomenon. The human capital theory underlying this concept states that the expenditure made by individuals in order to acquire knowledge and skills results in increasing their productivity and future income, in the same way as investment in real capital by a company leads to an increase in its production and its external revenues. We will do an empirical study by evaluating the Mincer gain function in the Casablanca region.

JEL Classification : E24, H75, I20, J24

Paper type: Empirical research