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¿Estimando el retorno a la educación o a los no observables?: evidencia de datos de panel

Author

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  • Dante Contreras
  • Emerson Melo
  • Susana Ojeda

Abstract

El presente trabajo examina la magnitud y dirección del sesgo por no observables en la estimación del retorno de la educación. Usando el panel Casen 1996-2001, la magnitud y dirección del sesgo fueron establecidas comparando las tasas de retorno obtenidas a través de MCO. Heckman y un modelo en diferencias. Los resultados del modelo en diferencias muestran una tasa de retorno a la educación de 9%, 2 a 5 puntos porcentajes inferior a las obtenidas con los métodos tradicionales.

Suggested Citation

  • Dante Contreras & Emerson Melo & Susana Ojeda, 2005. "¿Estimando el retorno a la educación o a los no observables?: evidencia de datos de panel," Estudios de Economia, University of Chile, Department of Economics, vol. 32(2 Year 20), pages 187-199, December.
    • Handle: RePEc:udc:esteco:v:32:y:2005:i:2:p:187-199
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    References listed on IDEAS

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    1. David Card, 1994. "Earnings, Schooling, and Ability Revisited," Working Papers 710, Princeton University, Department of Economics, Industrial Relations Section..
    2. David Card, 1994. "Earnings, Schooling, and Ability Revisited," Working Papers 710, Princeton University, Department of Economics, Industrial Relations Section..
    3. Orley Ashenfelter & David J. Zimmerman, 1997. "Estimates Of The Returns To Schooling From Sibling Data: Fathers, Sons, And Brothers," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 1-9, February.
    4. Joshua D. Angrist & Alan B. Keueger, 1991. "Does Compulsory School Attendance Affect Schooling and Earnings?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 979-1014.
    5. Ashenfelter, Orley & Krueger, Alan B, 1994. "Estimates of the Economic Returns to Schooling from a New Sample of Twins," American Economic Review, American Economic Association, vol. 84(5), pages 1157-1173, December.
    6. Card, David, 2001. "Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems," Econometrica, Econometric Society, vol. 69(5), pages 1127-1160, September.
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    Cited by:

    1. Marina Bassi & Matías Busso & Sergio Urzúa & Jaime Vargas, 2012. "Disconnected: Skills, Education, and Employment in Latin America," IDB Publications (Books), Inter-American Development Bank, number 79504, February.
    2. Alvarado, Rafael, 2012. "Wages differentials in Ecuador: A regional approach with sample selection of Heckman and Oaxaca-Blinder decomposition," MPRA Paper 37470, University Library of Munich, Germany.
    3. Busso, Matías & Bassi, Marina & Urzúa, Sergio & Vargas, Jaime, 2012. "Disconnected: Skills, Education, and Employment in Latin America," IDB Publications (Books), Inter-American Development Bank, number 427, November.
    4. repec:idb:brikps:427 is not listed on IDEAS
    5. Yoshimichi Murakami & Tomokazu Nomura, 2023. "Decline in values of degrees and recent evolution of wage inequality: Evidence from Chile," Estudios de Economia, University of Chile, Department of Economics, vol. 50(1 Year 20), pages 55-132, June.
    6. López, Ramón & Miller, Sebastian J., 2008. "Chile: The Unbearable Burden of Inequality," World Development, Elsevier, vol. 36(12), pages 2679-2695, December.
    7. Loreto Reyes & Jorge Rodríguez & Sergio S. Urzúa, 2013. "Heterogeneous Economic Returns to Postsecondary Degrees: Evidence from Chile," NBER Working Papers 18817, National Bureau of Economic Research, Inc.

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    More about this item

    Keywords

    Retorno a la educación; no observables; efectos fijos.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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