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Cambios en los retornos de la educación en Bogotá entre 1997 y 2003

Author

Listed:
  • Nohora Yulieth Forero Ramírez

    (Universidad del Rosario)

  • Luis Fernando Gamboa Niño

    (Universidad del Rosario)

Abstract

This paper estimates the returns to education in Bogotá in 1997 and 2003 by means of Heckman’s maximum likelihood methodology. The analytical framework used is Human Capital Theory. Instead of using the ‘Encuesta Nacional de Hogares’ (National Household Survey), as does current literature, we use the ‘Encuesta de Calidad de Vida’ (Life Quality Survey). We found a reduction after the economic recession (1999) in aspects such as the returns to education and the impact of experience in Bogotá between these years. There are also suggestions about a decrease in the labor income and in the hour-income elasticity

Suggested Citation

  • Nohora Yulieth Forero Ramírez & Luis Fernando Gamboa Niño, 2007. "Cambios en los retornos de la educación en Bogotá entre 1997 y 2003," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 66, pages 225-250, Enero-Jun.
  • Handle: RePEc:lde:journl:y:2007:i:66:p:225-250
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/310
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    Cited by:

    1. Mauricio Quinones Domínguez & Juan Antonio Rodr�guez Sinisterra, 2011. "Rendimiento de la educación en las regiones colombianas: un análisis usando la Descomposición Oaxaca-Blinder," Revista Sociedad y Economía, Universidad del Valle, CIDSE.
    2. Andrés Felipe García Suaza & Juan Carlos Guataqui & José Alberto Guerra & Darío Maldonado, 2009. "Beyond the mincer equation: the internal rate of return to higher education in Colombia," Documentos de Trabajo 5745, Universidad del Rosario.
    3. Ana María Estrada-Jabela & Lewis Enrique Polo-Espinosa & Gerson Javier P�rez-Valbuena & Lucas Wilfried Hahn-De-Castro, 2016. "Caracterización del mercado laboral en el sector hotelero de Cartagena y las principales áreas metropolitanas," Documentos de Trabajo Sobre Economía Regional y Urbana 14976, Banco de la República, Economía Regional.
    4. Ana María Estrada-Jabela & Lewis Enrique Polo-Espinosa & Gerson Javier Pérez-Valbuena & Lucas Wilfried Hahn-De-Castro, 2016. "Caracterización del mercado laboral en el sector hotelero de Cartagena y las principales áreas metropolitanas," Documentos de Trabajo Sobre Economía Regional y Urbana 14976, Banco de la República, Economía Regional.
    5. Andr�s Felipe Garc�a-Suaza & Juan Carlos Guataqu� & Jos� Alberto Guerra & Dar�o Maldonado, 2014. "Beyond the Mincer equation: the internal rate of return to higher education in Colombia," Education Economics, Taylor & Francis Journals, vol. 22(3), pages 328-344, June.

    More about this item

    Keywords

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    JEL classification:

    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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