This paper examines the effect of education and experience on wages
of workers in Thailand, especially the differences in urban and rural labor
markets. This paper proposes that both education and experience significantly
impacts wages. The study estimates are based on the Mincerian wage equation
with a large cross-section data of Thai individuals. The results suggest that
education and experience are positively correlated with the wages of labor in
both urban and rural labor markets. This relationship is significant and evident
across all the estimation.