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Different Channels Of Impact Of Education On Poverty: An Analysis For Colombia

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  • Blanca Zuluaga

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Abstract

This paper analyses pecuniary and non-pecuniary effects of education on poverty. Two are the main contributions: first, the pecuniary analysis employs the technique of instrumental variable quantile regression, very helpful method when one is interested in the lowest or highest extremes of the distribution function of the dependent variable. In fact, quantile regression offers coefficient estimations for any conditional quantile. The second contribution derives from our purpose to highlight the non-pecuniary returns to education: resources invested in education bring future returns to individuals, not only reflected in monetary earnings, but also in higher levels of satisfaction of basic needs (e.g. health and housing).

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File URL: http://www.icesi.edu.co/dptoeni/publicaciones/docs/BORRAECO/Borrador11.pdf
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Bibliographic Info

Paper provided by UNIVERSIDAD ICESI in its series BORRADORES DE ECONOMÍA Y FINANZAS with number 002351.

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Length: 38
Date of creation: 01 May 2007
Date of revision:
Handle: RePEc:col:000130:002351

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Keywords: Education; poverty; quantile regression; Colombia;

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Cited by:
  1. Puyana, Alicia, 2011. "Economic growth, employment and poverty reduction : a comparative analysis of Chile and Mexico," ILO Working Papers 462962, International Labour Organization.
  2. Zafar Mueen Nasir & Nasir Iqbal, 2009. "Employers Size Wage Differential: Does Investment in Human Capital Matter?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 48(4), pages 509–521.
  3. Awan, Masood Sarwar & Iqbal, Nasir & Muhammad, Waqas, 2011. "The impact of human capital on urban poverty: The case of Sargodha city," MPRA Paper 31829, University Library of Munich, Germany.
  4. Gounder, Rukmani & Xing, Zhongwei, 2012. "Impact of education and health on poverty reduction: Monetary and non-monetary evidence from Fiji," Economic Modelling, Elsevier, vol. 29(3), pages 787-794.

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