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Economic volatility and returns to education in Venezuela: 1992-2002

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  • Harry Anthony Patrinos
  • Chris Sakellariou

Abstract

Preliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. This study rigorously estimates the returns to education in Venezuela for the period 1992 to 2002 and links them to earlier available estimates from the 1980s. Consistent cross-sections from the Encuesta de Hogares por Muestro are used to document falling returns to schooling and educational levels until the mid-1990s, followed by increasing returns thereafter. Quantile regression analysis is used to provide further insight into the within skill group changes in returns over time.

Suggested Citation

  • Harry Anthony Patrinos & Chris Sakellariou, 2006. "Economic volatility and returns to education in Venezuela: 1992-2002," Applied Economics, Taylor & Francis Journals, vol. 38(17), pages 1991-2005.
    • Handle: RePEc:taf:applec:v:38:y:2006:i:17:p:1991-2005
    DOI: 10.1080/00036840500427338
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    References listed on IDEAS

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    Cited by:

    1. Ghulam Sarwar & Muhammad Saeed Hashmi, 2014. "Returns to Education and Earning Inequality Nexus: A Micro-Econometric Analysis for Pakistan," Journal of Economics and Behavioral Studies, AMH International, vol. 6(1), pages 32-36.
    2. Harry A Patrinos, 2022. "Returns to Education in Greece: Evidence from the 1977 Labor Market Survey using the Greek Civil War as an Instrument," Economics Bulletin, AccessEcon, vol. 42(1), pages 288-293.
    3. Fasih,Tazeen & Patrinos,Harry Anthony & Shafiq,M. Najeeb, 2020. "Economic Crises and Returns to University Education in Middle-Income Countries : Stylized Facts and COVID-19 Projections," Policy Research Working Paper Series 9472, The World Bank.
    4. Montenegro, Claudio E. & Patrinos, Harry Anthony, 2014. "Comparable estimates of returns to schooling around the world," Policy Research Working Paper Series 7020, The World Bank.
    5. Yee, Karol Mark Ramirez, 2023. "Raising the floor while lowering the ceiling: Reduced inequities in education returns in the Philippines," International Journal of Educational Development, Elsevier, vol. 101(C).
    6. Gonzalez, Naihobe & Oyelere, Ruth Uwaifo, 2011. "Are returns to education on the decline in Venezuela and does Mission Sucre have a role to play?," Economics of Education Review, Elsevier, vol. 30(6), pages 1348-1369.
    7. Lederman, Daniel & Rojas, Diego, 2014. "Export shocks and the volatility of returns to schooling : evidence from twelve Latin American economies," Policy Research Working Paper Series 7144, The World Bank.
    8. Yoann Morin & Lionel Védrine, 2022. "Do agglomeration economies affect firms’ returns to training? Evidence based on French industrial firms," Papers in Regional Science, Wiley Blackwell, vol. 101(5), pages 1135-1156, October.
    9. López Bóo, Florencia, 2010. "Returns to Education and Macroeconomic Shocks: Evidence from Argentina," IZA Discussion Papers 4753, Institute of Labor Economics (IZA).
    10. Chris Sakellariou, 2005. "Heterogeneity in the Returns to Education and Experience: Evidence from a High and a Low Income S.E. Asian Country," Economic Growth Centre Working Paper Series 0501, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    11. Jolliffe, Dean, 2011. "Overweight and poor? On the relationship between income and the body mass index," Economics & Human Biology, Elsevier, vol. 9(4), pages 342-355.
    12. Sumit Mahajan & Alfonso Sousa-Poza & K. Datta, 2015. "Differential effects of rising food prices on Indian households differing in income," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 7(5), pages 1043-1053, October.

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