Impact of Education and Employment on Poverty

Zebo KULDASHEVA¹, Bobojanov S. Qadamboevich², Muhammad Eid BALBAA¹, Nilufar ISMAILOVA¹

¹Tashkent State University of Economics, Tashkent, Uzbekistan

²Westminster International University in Tashkent (WIUT), Tashkent, Uzbekistan

Emails: z.kuldasheva@tsue.uz; sbobojanov@students.wiut.uz; m.balbaa@tsue.uz; nilufar.ismoilova@tsue.uz;

Abstract

Poverty is a major threat to the existence of humanity in modern times especially in the developing countries. Education is considered to be one of the basic factors of achieving sustainable economic development through investment in human capital. Education improves quality of lives and raises people’s productivity and eradicates poverty rate by being employed with job opportunities. This paper is aimed to examine the impact of education and employment opportunities on poverty reduction in both rural and urban areas in Uzbekistan using the Probit model. The study used the micro dataset of the L2CU collected by World Bank in 2018.

Keywords: Poverty; Education; Employment opportunities