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Returns to schooling in Spain: 2008-2019

Author

Listed:
  • Jesús López-Rodríguez

    (Jean Monnet Group on Competition and Development (GCD), Department of Economics, School of Economics and Business, Universidade da Coruña, Coruña, Spain)

  • Andrés Faíña-Medín

    (Jean Monnet Group on Competition and Development (GCD), Department of Economics, School of Economics and Business, Universidade da Coruña, Coruña, Spain)

  • Mabel Haydée Villasenin-Ramos

    (Jean Monnet Group on Competition and Development (GCD), Department of Economics, School of Economics and Business, Universidade da Coruña, Coruña, Spain)

Abstract

The empirical literature dealing with returns to schooling in Spain is quite scarce. This paper estimates private returns to schooling in Spain over 2008-2019. While average years of schooling increased steadily over the period 2008-2019, returns to schooling followed the same path only until 2014 when they came to a halt. From 2014-2019 a decrease in returns of around 16% took place. Future research framing these results in terms of the labor market adjustments caused by the Great recession and the post-Great recession period will be worthwhile undertaking.

Suggested Citation

  • Jesús López-Rodríguez & Andrés Faíña-Medín & Mabel Haydée Villasenin-Ramos, 2021. "Returns to schooling in Spain: 2008-2019," Economic Research Guardian, Weissberg Publishing, vol. 11(2), pages 194-201, December.
    • Handle: RePEc:wei:journl:v:11:y:2021:i:2:p:194-201
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    References listed on IDEAS

    as
    1. Claudio E. Montenegro & Harry Anthony Patrinos, 2014. "Comparable Estimates of Returns to Schooling Around the World," Working Papers wp390, University of Chile, Department of Economics.
    2. Laura Marquez-Ramos & Estefanía Mourelle, 2019. "Education and economic growth: an empirical analysis of nonlinearities," Applied Economic Analysis, Emerald Group Publishing Limited, vol. 27(79), pages 21-45, August.
    3. M. Arrazola & J. De Hevia & M. Risueno & J. F. Sanz, 2003. "Returns to education in Spain: Some evidence on the endogeneity of schooling," Education Economics, Taylor & Francis Journals, vol. 11(3), pages 293-304.
    4. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, July.
    5. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mincer-earnings function; Wages; Schooling; Experience; Spain;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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