“…The negative sign of experience squared indicates that the marginal returns to experience diminish over time. These findings further emphasise the previous findings of Blaugh (1972), Tilak (1980Tilak ( , 1987, Psacharopoulos (1985Psacharopoulos ( , 1989Psacharopoulos ( , 1994, Kingdon (1998), Kingdon and Unni (2001), Duraisamy (2002), Bhandari and Bordoloi (2006), Kingdon and Theopold (2008), Agrawal (2011), Fulford (2014), Singhari and Madheswaran (2016) and Mitra (2019) that education and experience are major drivers of wage in the labour market.…”