An analysis of the value and earnings of human capital in agricultural colleges and universities in the Philippines

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ID: 285873
1987
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Abstract
This study was an attempt to analyze the value and earnings of human capital in agricultural colleges and universities in the Philippines. It further sought to determine the factors influencing the level of earnings of faculty members and find out the extent of their contributions. There were 60 agricultural institutions sampled out of 120 total agricultural institutions offering degree programs in agriculture and related sciences. By means of complete enumeration, 850 faculty members were identified in the 60 sample agricultural institutions. The value of human capital of faculty members was estimated using the cost of education which comprised of the direct cost of schooling and opportunity cost borne by students. Results of the study showed that the value of human capital of faculty members was P66,840 for college graduates P238,582 and 453,942 for MS/MA graduates who obtained their degree locally and abroad, respectively P527,021 for those who had PhD degree obtained locally and whose MS/MA degree was also obtained locally P742,381 for those who had PhD degree obtained locally but whose MS/MA degree was obtained abroad P833,091 for those who had PhD degree obtained abroad but whose MS/MA degree was obtained locally and P1,048.451 for those who had Phd degree obtained abroad and whose MS/MA degree was also obtained abroad. On the average, the direct cost of education was 86.4 percent of the total cost of education (or the value of human capital) while opportunity cost was just 13.6 percent.Descriptive statistics such as frequencies, means and standard deviations were used to analyze the data on the profile of the faculty members. Of the toal 850 faculty members, 56.4 percent were BS graduates, 31.6 percent had MS/MA degree and only 12.0 percent obtained PhD degree. It was observed that PhD degree holders had highest average annual earnings (P34,918) compared to those BS and MS/MA graduates (P13,834 and P19,163, respectively). A great majority (74.1 percent) of the faculty members were instructors, 14.5 percent were assistant professors, 8.4 percent were associate professors and 3.0 percent were professors. Faculty members occupying professor position received the highest salary annually (average of P46,484), followed by those who were associate professors (average of 31,470) and those who were assistant professors (average of P23,308). Among the rank it was observed that the instructors were the lowest paid (average of P14,339) which can be attributed to the lower educational requirement of the position. To determine the factors influencing the
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Authors Biglete, Amelia Alidio.
Journal Malay Journal
Year 1987
DOI
DOI not found
URL
https://animorepository.dlsu.edu.ph/etd_masteral/1201
Keywords Keywords not found

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