This study considers those wage earners who are covered by a social security program as part of the formal sector and those wage earners who are not covered by any social security program as part of the informal sector. Using 1994 Household Expenditure Survey I first examine how individuals are...

The private internal rate of return (IRR) for education levels of the household heads in the city of Isfahan in 1992 is estimated. The subjects for this study are a sample of household heads from cross-sectional data. An earnings regression equation along with discounting techniques is employed....