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Income‐Generating Functions In A Low Income Country: Colombia

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  • Gary S. Fields
  • T. Paul Schultz

Abstract

Income generating functions are statistical tools used to explain income inequality and other economic outcomes and behavior. These functions are often associated with a strict human capital framework, but they need not be. Instead, they may be viewed as a reduced form equation summarizing the relationship between income and various personal and locational characteristics. Following this latter interpretation, we develop the regression and analysis of variance approaches to income generating functions and estimate them empirically using micro‐economic data from one low income country, Colombia. Proceeding to increasingly parsimonious specifications of income generating functions, insights are gained into the structure of incomes in Colombia.

Suggested Citation

  • Gary S. Fields & T. Paul Schultz, 1982. "Income‐Generating Functions In A Low Income Country: Colombia," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 28(1), pages 71-87, March.
    • Handle: RePEc:bla:revinw:v:28:y:1982:i:1:p:71-87
    DOI: 10.1111/j.1475-4991.1982.tb00606.x
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    Cited by:

    1. Inmaculada Garc�a Mainar & V�ctor M. Montuenga G�mez, 2004. "Returns to education and to experience within the EU: are there differences between wage earners and the self-employed?," Documentos de Trabajo dt2004-08, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    2. Dowling, J. Malcolm & Worswick, Christopher, 1999. "Labor market participation of urban women in Southeast Asia by migration status: Evidence from microdata," Journal of Asian Economics, Elsevier, vol. 10(1), pages 91-109.
    3. Darragh Flannery & Cathal O'Donoghue, 2012. "Utilising microsimulation to estimate new marginal returns to education: Ireland 1987-2011," Working Papers WP042012, University of Limerick, Department of Economics, revised Oct 2012.
    4. Darragh Flannery & Cathal O'Donoghue, 2016. "Utilizing Microsimulation to Estimate the Private and Fiscal Returns to Education: Ireland 1987–2011," Manchester School, University of Manchester, vol. 84(1), pages 55-80, January.

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