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Abstract

Theoretically, human capital plays an important role in economic growth. In West Kalimantan, the government increase the education investment to improve human capital. This study aims to estimate the rate of return of education investment in West Kalimantan Province, Pontianak and Singkawang District. SAKERNAS 2018 individual data was analyzed using the Mincer Model and the Heckman’s Two-step procedure. The result show that the rate of return of education investment in West Kalimantan province is 3,83 percent. It means that each additional year of schooling will increase income by 3,83 percent. The rate of return of education investment in Pontianak and Singkawang District are 6,21 percent and 4,87 percent, respectively.

Bahasa Abstract

Secara teoritis, modal manusia mempunyai peran penting dalam pertumbuhan ekonomi. Untuk meningkatkan modal manusia, pemerintah meningkatkan investasi pendidikan di Kalimantan Barat. Penelitian ini bertujuan untuk menghitung tingkat pengembalian investasi pendidikan di Provinsi Kalimantan Barat, Kota Pontianak, dan Kota Singkawang menggunakan model Mincer dan prosedur Heckman’s Two Step. Hasil estimasi dengan menggunakan data individual SAKERNAS 2018 menunjukkan tingkat pengembalian pendidikan pada seluruh level pendidikan di Kalimantan Barat sebesar 3,83 persen. Artinya, setiap penambahan satu tahun lama sekolah akan meningkatkan pendapatan rata-rata sebesar 3,83 persen. Tingkat pengembalian investasi pendidikan di Kota Pontianak dan Kota Singkawang masing-masing sebesar 6,21 persen dan 4,87 persen.

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