The paper seeks to establish the implication of occupational distribution on income inequality. Data was collected from five independent sub-groups, two from the formal and the other two from the informal sectors with a fifth sample generated from these four samples. Lorenz curves and Gini coefficients were used to measure income inequality. The results show that though formal sector income sub-groups generated higher incomes they produced lower inequalities than the informal sector income su...
Abstract The concept of human capital presupposes that formal schooling and experience enhances the productive capacity of individual workers through acquisition of knowledge and skills. Empirical studies on private rate of return to investment in education, around the world, indicate that an extra year in formal education has a positive benefit to the individual. This is in terms of increased lifetime earnings. Employing the Mincerian wage equation, this research article seeksto establish a...