Different Channels Of Impact Of Education On Poverty: An Analysis For Colombia
AbstractThis 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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Bibliographic InfoPaper provided by UNIVERSIDAD ICESI in its series BORRADORES DE ECONOMÍA Y FINANZAS with number 002351.
Date of creation: 01 May 2007
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Education; poverty; quantile regression; Colombia;
Other versions of this item:
- Blanca Zuluaga, 2007. "Different channels of impact of education on poverty: an analysis for Colombia," Center for Economic Studies - Discussion papers ces0702, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
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