Relationship Between Year of Schooling and Household Income: Special Reference with Two Localities of Dibrugarh and Jorhat District of Assam

Abstract

The study is based on the relationship between year of schooling of children and their parents’ income. Gary Becker, a noble prize winning economist made a preposition in 1950s that the amount of education had a direct bearing on income. This study is based on the relationship between years of schooling of children and the income of their parents and how the socio-economic condition of a family impact on the World’s Human Development. The data for the study was collected from two localities of Jorhat and Dibrugarh District of Assam, India. The data was primary and it consists of 750 people from a village and a tea tribe of 599 people. Methods used to analyse the data was Ordinary least squares.