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How Profitable is Higher Education in Colombia?

Author

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  • Gustavo Hernández

Abstract

This paper examines the education premium for graduate students in Colombia, focusing on the screening hypothesis which is tested via sheepskin effects. A new dataset for higher education is constructed using administrative records of educational institutions and social security information. The findings suggest that the Colombian labor market places a high value on an individual’s alma mater, followed in, second place, by undergraduate field of study. Finally, the evidence also implies that job experience acquired after obtaining a degree has a higher return than job experience obtained before or not related to the degree’s field of study.

Suggested Citation

  • Gustavo Hernández, 2010. "How Profitable is Higher Education in Colombia?," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 73, pages 181-214.
    • Handle: RePEc:lde:journl:y:2010:i:73:p:181-214
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/810
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    More about this item

    Keywords

    Education premium; tertiary education; human capital; wage differentials.;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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