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Bushan Mohan – “Modelling returns to education in a developing economy context” – PhD Seminar
This paper provides a brief overview of the models being used to determine the returns to education in Guyana’s labour market. The models are limited to the Quarterly LFS data published by the Guyanese Government since this is the only dataset available. The paper explains the use of the ORU approach to returns to education and model taking human capital, job-related and regional characteristics hence leading to an Oaxaca decomposition as prescribed by empirical studies.