IDEAS home Printed from https://ideas.repec.org/a/eee/ecoedu/v70y2019icp20-34.html
   My bibliography  Save this article

Signaling or better human capital: Evidence from Colombia

Author

Listed:
  • Barrera-Osorio, Felipe
  • Bayona-Rodríguez, Hernando

Abstract

We use data from the admissions process from a highly selective private university in Colombia to analyze the impact of prestigious university attendance on the education trajectory and labor market outcomes of individuals. The university´s selection process allows the use of a regression discontinuity design. We estimate both intent-to-treatment (offer admissions) and treatment-on-the-treated (enrollment) effects. The results show positive effects of offering admission to the prestigious university on the probability of enrollment, 13.8 percentage point (pp), 1.3 pp increase in academic credits a student need to repeat, and increment in 7 pp in probability of graduation. Despite no significant effects on the standardized university exit exam, we found positive effects on the probability of employment and earnings, 7.4 and 4.6 pp respectively. These results suggest that prestigious universities are more effective source of signaling in the labor market, but they are not more effective than other universities in developing human capital.

Suggested Citation

  • Barrera-Osorio, Felipe & Bayona-Rodríguez, Hernando, 2019. "Signaling or better human capital: Evidence from Colombia," Economics of Education Review, Elsevier, vol. 70(C), pages 20-34.
    • Handle: RePEc:eee:ecoedu:v:70:y:2019:i:c:p:20-34
    DOI: 10.1016/j.econedurev.2019.02.006
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0272775718303868
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econedurev.2019.02.006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dinarte Diaz,Lelys Ileana & Ferreyra,Maria Marta & Urzua,Sergio & Bassi,Marina, 2021. "What Makes a Program Good ? Evidence from Short-Cycle Higher Education Programs in LatinAmerica and the Caribbean," Policy Research Working Paper Series 9722, The World Bank.
    2. Ferreyra,Maria Marta & Galindo,Camila & Urzúa,Sergio, 2021. "Labor Market Effects of Short-Cycle Higher Education Programs : Lessons from Colombia," Policy Research Working Paper Series 9717, The World Bank.
    3. Laura Ehrmantraut & Pia Pinger & Renske Stans, 2020. "The Expected (Signaling) Value of Higher Education," Working Papers 2020-070, Human Capital and Economic Opportunity Working Group.
    4. Marina Bassi & Lelys Dinarte-Diaz & Maria Marta Ferreyra & Sergio Urzua, 2023. "What Makes a Program Good? Evidence from Short-Cycle Higher Education Programs in Five Developing Countries," CESifo Working Paper Series 10255, CESifo.
    5. Dinarte-Diaz, Lelys & Ferreyra, Maria Marta & Urzua, Sergio & Bassi, Marina, 2023. "What makes a program good? Evidence from short-cycle higher education programs in five developing countries," World Development, Elsevier, vol. 169(C).
    6. Choudhury, Prithwiraj & Ganguli, Ina & Gaulé, Patrick, 2023. "Top Talent, Elite Colleges, and Migration: Evidence from the Indian Institutes of Technology," Journal of Development Economics, Elsevier, vol. 164(C).
    7. Eriko Naiki & Yuta Ogane, 2022. "Human capital effects on fundraising for necessity- and opportunity-based entrepreneurs," Small Business Economics, Springer, vol. 59(2), pages 721-741, August.
    8. Juliana Londoño-Vélez, 2022. "The Impact of Diversity on Perceptions of Income Distribution and Preferences for Redistribution," NBER Working Papers 30386, National Bureau of Economic Research, Inc.
    9. Londoño-Vélez, Juliana, 2022. "The impact of diversity on perceptions of income distribution and preferences for redistribution," Journal of Public Economics, Elsevier, vol. 214(C).
    10. Adriana Camacho & Catherine Rodríguez & Fabio Sanchez, 2022. "Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia," Documentos CEDE 20124, Universidad de los Andes, Facultad de Economía, CEDE.
    11. Leonardo Fabio Morales & Christian Posso & Luz A. Flórez, 2021. "Heterogeneity in the Returns to Tertiary Education for the Disadvantage Youth: Quality vs. Quantity Analysis," Borradores de Economia 1150, Banco de la Republica de Colombia.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecoedu:v:70:y:2019:i:c:p:20-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/econedurev .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.