摘要：This study intends to econometrically determine whether earnings of employees, of financial intuitions in Lahore-Pakistan, are affected by their education only or by some other factors. Primary data through a questionnaire were collected from a sample of 455 employees. There results reveal that the main determinants of employee’s earnings in financial institutions are education, experience, computer literacy, gender, nature of job, family background and family status. The concavity in experience-earnings profile is found. Higher returns coupled with education, experience, and computer use variables provide a clear support to Human Capital theory. The returns to education for entire sample is found to be around 12 percent. The returns to education for the employees of Punjab Provincial Cooperative Bank is found to be the highest (15.4 percent) among all. Public sector financial institutions, on average, are paying more to their employees as compared to their counterparts in private sector. Work experience is found to be the most important factor for the earnings of the employees of each category of financial institutions. Those who intend to join Islamic Banks like Meezan Bank must have sufficient work experience, computer literacy and family background and family status. The policy makers of financial institutions are suggested to formulate such salary structure that would help in eliminating the earnings differential for the employees of Islamic, Schedule and Government’s banks.
关键词：Returns to education; financial institutions; microeconometric analysis.
