Economic volatility and returns to education in Venezuela: 1992-2002
AbstractPreliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. This study rigorously estimates the returns to education in Venezuela for the period 1992 to 2002 and links them to earlier available estimates from the 1980s. Consistent cross-sections from the Encuesta de Hogares por Muestro are used to document falling returns to schooling and educational levels until the mid-1990s, followed by increasing returns thereafter. Quantile regression analysis is used to provide further insight into the within skill group changes in returns over time.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 38 (2006)
Issue (Month): 17 ()
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Other versions of this item:
- Patrinos, Harry Anthony & Sakellariou, Chris, 2004. "Economic volatility and returns to education in Venezuela : 1992-2002," Policy Research Working Paper Series 3459, The World Bank.
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