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How Profitable is Higher Education in Colombia?

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  • Gustavo Hernández
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    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.

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    File URL: ftp://ftp.drivehq.com/cavasco/lecturas/numero73/n73a8.pdf
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    Bibliographic Info

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

    Volume (Year): (2010)
    Issue (Month): 73 ()
    Pages: 181-214

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    Handle: RePEc:lde:journl:y:2010:i:73:p:181-214

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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: Education premium; tertiary education; human capital; wage differentials.;

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