Regression analysis shows that one extra year of schooling increases consumption by 10.2 percent on average and people with a graduate degree consume about 201.6 percent more than illiterate people in Turkey
📌 3 Key Takeaways
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Objective & Hypothesis:This paper investigates the effects of education level on consumption in an emerging country by using the 2004 Turkish Household Budget Survey.
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Key Findings & Data:There is no person with a graduate degree found in the poorest twenty percent and only 0.18 percent of poorest quintile consists of people with a bachelor degree.
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Conclusion & Impact:Regression analysis shows that one extra year of schooling increases consumption by 10.2 percent on average and people with a graduate degree consume about 201.6 percent more than illiterate people in Turkey
This paper investigates the effects of education level on consumption in an emerging country by using the 2004 Turkish Household Budget Survey. Education level is very important in determining consumption quintiles. There is no person with a graduate degree found in the poorest twenty percent and only 0.18 percent of poorest quintile consists of people with a bachelor degree. Regression analysis shows that one extra year of schooling increases consumption by 10.2 percent on average and people with a graduate degree consume about 201.6 percent more than illiterate people in Turkey
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