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Evolution of Returns to Education in Colombia (1976-2014)

Author

Listed:
  • Jaime Tenjo Galarza
  • Oriana Álvarez Vos
  • Alejandro Gaviria Jaramillo
  • María Camila Jiménez

Abstract

Este documento presenta estimativos de los retornos a la educación en Colombia, basados en encuestas a hogares. Se estiman varios modelos econométricos y se hacen esfuerzos para corregir el posible sesgo de selección. Nuestros resultados indican que en los últimos 40 anos, los retornos a la educación fluctuaron en un rango bastante limitado (10,8% a 14,3%), lo cual indica una considerable estabilidad, a pesar de los cambios significativos que se dieron durante ese período. También encontramos que existe una gran diferencia entre los retornos post-secundaria y pre-universitaria, no solo en sus niveles sino también en sus tendencias: los retornos a la educación pre-universitaria han decrecido de manera continua, mientras que los retornos post-secundaria parecen haberse estabilizado alrededor del 20% desde 1995.

Suggested Citation

  • Jaime Tenjo Galarza & Oriana Álvarez Vos & Alejandro Gaviria Jaramillo & María Camila Jiménez, 2017. "Evolution of Returns to Education in Colombia (1976-2014)," Coyuntura Económica, Fedesarrollo, vol. 47(1 y 2), pages 15-48, December.
    • Handle: RePEc:col:000438:016611
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    File URL: http://hdl.handle.net/11445/3652
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    Citations

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    Cited by:

    1. Busso, Matias & Montaño, Sebastián & Muñoz-Morales, Juan S., 2023. "Signaling Specific Skills and the Labor Market of College Graduates," IZA Discussion Papers 16449, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    Educación; Retornos a la Educación; Género; Mercados de Trabajo;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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