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Returns to schooling in the Portuguese economy: a reassessment

Author

Listed:
  • Maria Manuel Campos

    (Banco de Portugal, Lisbon, Portugal)

  • Hugo Reis

    (Banco de Portugal, Lisbon, Portugal; Universidade Catolica Portuguesa, Lisbon, Portugal)

Abstract

This paper provides an overview of the evolution of private returns to schooling in the Portuguese economy along the 1986-2013 period. We estimate the returns separately for men and women, at the mean and along the conditional wage distribution. Returns to schooling are found to be high, particularly for women, and to increase along the distribution. The magnitude of the returns increased throughout the 1986-2013 period, but particularly in the 1990s. We also provide estimates of the relative wage premium associated with specific levels of educational attainment and find that they are highest for tertiary education. In the first decades under analysis, relative wage premia associated with the 9th grade stand above those estimated for secondary education, whereas in the most recent period these differences are negligible.

Suggested Citation

  • Maria Manuel Campos & Hugo Reis, 2018. "Returns to schooling in the Portuguese economy: a reassessment," Public Sector Economics, Institute of Public Finance, vol. 42(2), pages 215-242.
  • Handle: RePEc:ipf:psejou:v:42:y:2018:i:2:p:215-242
    DOI: 10.3326/pse.42.2.11
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    More about this item

    Keywords

    returns to schooling; quantile regression; education;
    All these keywords.

    JEL classification:

    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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