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Cambios en los retornos de la educación en Bogotá entre 1997 y 2003

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Author Info

  • Nohora Yulieth Forero Ramírez

    ()
    (Universidad del Rosario)

  • Luis Fernando Gamboa Niño

    ()
    (Universidad del Rosario)

Abstract

This paper estimates the returns to education in Bogotá in 1997 and 2003 by means of Heckman’s maximum likelihood methodology. The analytical framework used is Human Capital Theory. Instead of using the ‘Encuesta Nacional de Hogares’ (National Household Survey), as does current literature, we use the ‘Encuesta de Calidad de Vida’ (Life Quality Survey). We found a reduction after the economic recession (1999) in aspects such as the returns to education and the impact of experience in Bogotá between these years. There are also suggestions about a decrease in the labor income and in the hour-income elasticity

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Bibliographic Info

Article provided by Universidad de Antioquia, Departamento de Economía in its journal LECTURAS DE ECONOMÍA.

Volume (Year): (2007)
Issue (Month): 66 (Enero-Junio)
Pages: 225-250

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Handle: RePEc:lde:journl:y:2007:i:66:p:225-250

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Web page: http://economia.udea.edu.co
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Postal: Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Related research

Keywords: Mincer equation; returns to education; selection bias; human capital theory;

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Cited by:
  1. García Suaza, Andrés Felipe & Guataqui, Juan Carlos & Guerra, José Alberto & Maldonado, Darío, 2009. "Beyond the mincer equation: the internal rate of return to higher education in Colombia," DOCUMENTOS DE TRABAJO 005745, UNIVERSIDAD DEL ROSARIO.

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