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¿Estimando el retorno a la educación o a los no observables?: evidencia de datos de panel

Author

Listed:
  • Dante Contreras
  • Emerson Melo
  • Susana Ojeda

Abstract

El presente trabajo examina la magnitud y dirección del sesgo por no observables en la estimación del retorno de la educación. Usando el panel Casen 1996-2001, la magnitud y dirección del sesgo fueron establecidas comparando las tasas de retorno obtenidas a través de MCO. Heckman y un modelo en diferencias. Los resultados del modelo en diferencias muestran una tasa de retorno a la educación de 9%, 2 a 5 puntos porcentajes inferior a las obtenidas con los métodos tradicionales.

Suggested Citation

  • Dante Contreras & Emerson Melo & Susana Ojeda, 2005. "¿Estimando el retorno a la educación o a los no observables?: evidencia de datos de panel," Estudios de Economia, University of Chile, Department of Economics, vol. 32(2 Year 20), pages 187-199, December.
  • Handle: RePEc:udc:esteco:v:32:y:2005:i:2:p:187-199
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    File URL: http://www.econ.uchile.cl/uploads/publicacion/1e30ff1e-14d3-4b5d-b9e8-5973ecc1409b.pdf
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    References listed on IDEAS

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    1. David Card, 1994. "Earnings, Schooling, and Ability Revisited," Working Papers 710, Princeton University, Department of Economics, Industrial Relations Section..
    2. Orley Ashenfelter & David J. Zimmerman, 1997. "Estimates Of The Returns To Schooling From Sibling Data: Fathers, Sons, And Brothers," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 1-9, February.
    3. Joshua D. Angrist & Alan B. Keueger, 1991. "Does Compulsory School Attendance Affect Schooling and Earnings?," The Quarterly Journal of Economics, Oxford University Press, vol. 106(4), pages 979-1014.
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    Citations

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    Cited by:

    1. Jorge Rodríguez & Sergio Urzúa & Loreto Reyes, 2016. "Heterogeneous Economic Returns to Post-Secondary Degrees: Evidence from Chile," Journal of Human Resources, University of Wisconsin Press, vol. 51(2), pages 416-460.
    2. Marina Bassi & Matías Busso & Sergio Urzúa & Jaime Vargas, 2012. "Disconnected: Skills, Education, and Employment in Latin America," IDB Publications (Books), Inter-American Development Bank, number 79504, February.
    3. Alvarado, Rafael, 2012. "Wages differentials in Ecuador: A regional approach with sample selection of Heckman and Oaxaca-Blinder decomposition," MPRA Paper 37470, University Library of Munich, Germany.
    4. repec:idb:idbbks:427 is not listed on IDEAS
    5. López, Ramón & Miller, Sebastian J., 2008. "Chile: The Unbearable Burden of Inequality," World Development, Elsevier, vol. 36(12), pages 2679-2695, December.

    More about this item

    Keywords

    Retorno a la educación; no observables; efectos fijos.;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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