Inequality and Heterogeneous Returns to Education in Mexico (1992-2002)
AbstractWithin the attempts to understand Mexican economic inequality, returns to education have received a great deal of attention. The driving question has been: why are Mexican wages so unequal? This paper argues that not only the distribution of human capital matters, but also sociodemographic variables, which have their own dynamics and complex interactions with the former. A three-equation maximum likelihood specification in which employment, hours worked and log-wages, as well as their joint variance matrix is proposed, generalizing the Mincerian specification. The resulting is a complex story, where income profiles depend upon particular characteristics.
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Bibliographic InfoPaper provided by Ibero-America Institute for Economic Research in its series Ibero America Institute for Econ. Research (IAI) Discussion Papers with number 131.
Length: 18 pages
Date of creation: 18 Nov 2005
Date of revision:
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Find related papers by JEL classification:
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-24 (All new papers)
- NEP-EDU-2006-01-24 (Education)
- NEP-HRM-2006-01-24 (Human Capital & Human Resource Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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