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Returns to Education of Colombian Economists: Analysis from the Theory of Human Capital (2009-2013)

Author

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  • Dustin T. G. RODRIGUEZ

    (Universidad San Buenaventura, Colombia.)

Abstract

This research work aims to identify the rate of return of graduates of economics in Colombia since the tenets of human capital theory and criticism of the theory of signaling. The methodology is quantitative court where income Mincerian equations were used as the method of Heckman (1979) to correct for selection bias using data from the GEIH in the period 2009-2013 for 11 professions. The main conclusion is that graduates of economics in the period studied show returns to education over the vast majority of professions.

Suggested Citation

  • Dustin T. G. RODRIGUEZ, 2016. "Returns to Education of Colombian Economists: Analysis from the Theory of Human Capital (2009-2013)," Journal of Economic and Social Thought, KSP Journals, vol. 3(1), pages 139-149, March.
    • Handle: RePEc:ksp:journ3:v:3:y:2016:i:1:p:139-149
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    References listed on IDEAS

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    More about this item

    Keywords

    Economists; returns to education; human capital theory; signaling theory; labor market.;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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