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Economic volatility and returns to education in Venezuela : 1992-2002

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Author Info
Patrinos, Harry Anthony
Sakellariou, Chris

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Abstract

Preliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. The authors rigorously estimate the returns to education in Venezuela for the period 1992-2002, and link them to earlier available estimates from the 1980s. They use consistent cross-sections from the"Encuesta de Hogares por Muestreo"(Household Survey) to document falling returns to schooling, and educational levels until the mid-1990s, followed by increased returns thereafter. The authors use quantile regression analysis to provide further insight into and within skill group changes in returns over time.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3459.

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Date of creation: 01 Nov 2004
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Handle: RePEc:wbk:wbrwps:3459

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Related research
Keywords: Decentralization; Public Health Promotion; Curriculum&Instruction; Teaching and Learning; Health Monitoring&Evaluation; Teaching and Learning; Health Monitoring&Evaluation; Curriculum&Instruction; Primary Education; Agricultural Knowledge&Information Systems;

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This paper has been announced in the following NEP Reports: References listed on IDEAS
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.:
  1. Pereira, Pedro Telhado & Martins, Pedro Silva, 2000. "Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries," IZA Discussion Papers 120, Institute for the Study of Labor (IZA). [Downloadable!]
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  2. Mwabu, Germano & Schultz, T Paul, 1996. "Education Returns across Quantiles of the Wage Function: Alternative Explanations for Returns to Education by Race in South Africa," American Economic Review, American Economic Association, vol. 86(2), pages 335-39, May. [Downloadable!] (restricted)
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  3. Sourafel Girma & Abbi Kedir, 2003. "Is Education More Benficial to the Less Able? Eocnometric Evidence from Ethiopia," Discussion Papers in Economics 03/1, Department of Economics, University of Leicester. [Downloadable!]
  4. Psacharopoulos, George & Patrinos, Harry Anthony, 2002. "Returns to investment in education : a further update," Policy Research Working Paper Series 2881, The World Bank. [Downloadable!]
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  5. Kevin Denny & Vincent O'Sullivan, 2004. "Can education compensate for low ability? Evidence from British data," IFS Working Papers W04/19, Institute for Fiscal Studies. [Downloadable!]
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  6. Chris Sakellariou, 2004. "The use of quantile regressions in estimating gender wage differentials: a case study of the Philippines," Applied Economics, Taylor and Francis Journals, vol. 36(9), pages 1001-1007, May. [Downloadable!] (restricted)
  7. Fersterer, Josef & Winter-Ebmer, Rudolf, 2003. "Are Austrian returns to education falling over time?," Labour Economics, Elsevier, vol. 10(1), pages 73-89, February. [Downloadable!] (restricted)
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(explanations, 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.)

  1. Gonzales, Naihobe & Uwaifo Oyelere, Ruth, 2009. "Are Returns to Education on the Decline in Venezuela and Does Mission Sucre Have a Role to Play?," IZA Discussion Papers 4206, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Chris Sakellariou, 2005. "Heterogeneity in the Returns to Education and Experience: Evidence from a High and a Low Income S.E. Asian Country," Economic Growth centre Working Paper Series 0501, Nanyang Technolgical University, School of Humanities and Social Sciences, Economic Growth centre. [Downloadable!]
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