Taux de rendement de l’éducation sur le marché du travail d’un pays en développement. Une analyse micro-économétrique

This article analyses the returns of education as defined by Mincer’s model (1974), in the malagasy case. Selection bias in the labour market and endogeneity bias of education are corrected for. Moreover, the type of education is taken into account. Indeed, this variable is suspected to play a key role as more than 50% of the pupils were enrolled in private schools in 1997. Under a competitive labour market hypothesis, education doesn’t seem to exert any direct impact over revenues. So, it would only be an indicator of motivation and abilities of each to work. This result is confirmed in the formal sector, when we suppose a segmented labour market in Antananarivo. On the contrary, in the informal sector, the rate of return of one more year of education reaches 7% and public education allows work revenues significatively higher than private education does.