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The evolution of the human capital role about the income determination in Bolivia in the period 2004-2015. An application of the Mincer model and quantile regression

Author

Listed:
  • Alcides Valentín Oxa Gerónimo

    (Centro de Estudios de Población – Universidad Mayor de San Simón)

  • Daniela Loayza Lara

    (Centro de Estudios de la Realidad Económica y Social)

Abstract

In this paper, Mincer models are estimated for Bolivia in the period from 2004 to 2015 using data from the annual household surveys. The distribution of real labor income conditional on the values taken by the explanatory variables of the Mincerian model, such as years of schooling, work experience and other control variables, is considered. Therefore, quantiles regression is applied in addition to the classical linear regression model. Results show a downward trend in the rate of return to schooling for the considered levels of income, a greater depreciation of work experience and an increase in real income not explained by classical mincerian determinants, nor by control variables. It also reports an equalization of the rates of return to schooling for different income levels in recent years.

Suggested Citation

  • Alcides Valentín Oxa Gerónimo & Daniela Loayza Lara, 2017. "The evolution of the human capital role about the income determination in Bolivia in the period 2004-2015. An application of the Mincer model and quantile regression," Economia Coyuntural,Revista de temas de perspectivas y coyuntura, Instituto de Investigaciones Economicas y Sociales 'Jose Ortiz Mercado' (IIES-JOM), Facultad de Ciencias Economicas, Administrativas y Financieras, Universidad Autonoma Gabriel Rene Moreno, vol. 2(4), pages 1-44.
    • Handle: RePEc:grm:ecoyun:201715
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    References listed on IDEAS

    as
    1. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," NBER Chapters, in: Investment in Human Beings, pages 9-49, National Bureau of Economic Research, Inc.
    2. Neuman, Shoshana & Weiss, Avi, 1995. "On the effects of schooling vintage on experience-earnings profiles: Theory and evidence," European Economic Review, Elsevier, vol. 39(5), pages 943-955, May.
    3. Javier Alejo, 2006. "Desigualdad Salarial en el Gran Buenos Aires: Una Aplicación de Regresión por Cuantiles en Microdescomposiciones," CEDLAS, Working Papers 0036, CEDLAS, Universidad Nacional de La Plata.
    4. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, May.
    5. Guido Vignoli, 2012. "Tasa de depreciación de capital humano: Evidencia empírica para Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 498, Universidad del CEMA.
    6. Horacio Villegas & Javier Núñez, 2005. "Discriminación étnica en Bolivia: examinando diferencias regionales y por nivel de calificación," Estudios de Economia, University of Chile, Department of Economics, vol. 32(2 Year 20), pages 201-218, December.
    7. Andersen, Lykke Eg & Wiebelt, Manfred, 2003. "La Mala Calidad de la Educación en Bolivia y sus Consecuencias para el Desarrollo," Documentos de trabajo 2/2003, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    8. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    9. Guataqui, Juan Carlos & García Suaza, Andrés Felipe & Rodríguez, Mauricio, 2009. "Estimaciones de los determinantes de los ingresos laborales en Colombia con consideraciones diferenciales para asalariados y cuenta propia," Documentos de Trabajo 5756, Universidad del Rosario.
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    More about this item

    Keywords

    Mincer Model; Human capital; Income distribution; Quantile regression.;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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