Returns to Schooling and Income Distribution by Cohort in Chile: An Analysis Based on Synthetic Panel Data
AbstractWe estimate the rate of return to primary, secondary and university education for cohorts born from 1945 to 1975. Estimated returns start at a common level of 20% and then diverge, to finally converge at 30%. Regarding income distribution, we observe a dramatic improvement at the margin, especially after the cohort born in 1963 and again after the cohort born in 1973. About half of the working population was born before 1963. Hence this improvement at the margin is not seen in the stock.
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Bibliographic InfoPaper provided by Instituto de Economia. Pontificia Universidad Católica de Chile. in its series Documentos de Trabajo with number 290.
Date of creation: 2005
Date of revision:
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- Ricardo Paredes & Victor Lima, 2004. "Labor Market Regimes and Mobility through a Markov Chain in Chile," Econometric Society 2004 Latin American Meetings 317, Econometric Society.
- Andrés Solimano & Arístides Torche, 2008. "Income Distribution In Chile, 1987-2006: Analysis And Policy Considerations," Working Papers Central Bank of Chile 480, Central Bank of Chile.
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