Rate of financial returns to education of public primary school teachers in mumias sub-county, Kenya

The purpose of this study was to determine the rate of financial returns to education of primary school teachers in public schools in Mumias Sub-County, Kenya. The study was guided by three objectives: to determine the direct cost incurred by primary teachers in tertiary institutions in Kenya; to establish earnings accruing by age, experience and level of education to primary teachers in public schools in Mumias Sub-County, and lastly establish the relationships between age, experience, level of education, and earnings among primary teachers in public schools in Mumias Sub-County. The study adopted a theoretical framework which is based on the human capital theory which equated human capital to “physical means of production” such as machines and factories-that one can invest in human capital through education and training. The study adopted both descriptive survey and correlation research designs. It co-operated both qualitative and quantitative data. The target population was 1272 TSC primary school teachers. Using stratified sampling, 383 TSC primary schools teachers were sampled from 94 primary schools.