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Unemployment and private returns to higher education in Argentina (1974-2002)

Author

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  • Cecilia Adrogué

    (Universidad de San Andrés; CONICET)

Abstract

The paper analyzes the private returns to higher education in Argentina during the period 1974-2002. The main conclusion is that returns to education are positive and increase once corrected by the level of unemployment. As a consequence, when analyzing whether to invest in education, one should not only consider as benefits the differential in earnings, but also the higher probability of having a job that comes with attaining more education. This is particularly relevant in a country like Argentina which had unemployment rates of 5% during the eighties and started to have unemployment rates in the double digits by the end of the 20th century and the beginning of the 21st century.

Suggested Citation

  • Cecilia Adrogué, 2010. "Unemployment and private returns to higher education in Argentina (1974-2002)," Ensayos de Política Económica, Departamento de Investigación Francisco Valsecchi, Facultad de Ciencias Económicas, Pontificia Universidad Católica Argentina., vol. 1(4), pages 32-53, Octubre.
    • Handle: RePEc:atw:epecon:v:1:y:2010:i:4:p:32-53
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    File URL: https://erevistas.uca.edu.ar/index.php/ENSAYOS/article/view/2403/2227
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    More about this item

    Keywords

    Returns to higher education; unemployment;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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