IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

Earnings and education in Latin America : assessing priorities for schooling investments

Author Info

  • Psacharopoulos, George
  • Ying Chu Ng

Abstract

The authors use household survey data for 18 Latin American countries to assess earnings differentials by level of education, and to assess how these differentials changed in the 1980s. Introducing the cost of education allows them to estimate private and social rates of return on investments on education across several dimensions: by gender, by level of education, by sector of employment, by nature of the secondary school curriculum, and over time. The results show that, in most countries, the earnings premium received by graduates of higher education decreased in the 1980s. Investment in primary education shows the highest rate of return among all levels considered - and is still the number one investment priority in most countries.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1992/12/01/000009265_3961003202228/Rendered/PDF/multi_page.pdf
Download Restriction: no

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 1056.

as
in new window

Length:
Date of creation: 31 Dec 1992
Date of revision:
Handle: RePEc:wbk:wbrwps:1056
Contact details of provider: Postal:
1818 H Street, N.W., Washington, DC 20433

Phone: (202) 477-1234
Web page: http://www.worldbank.org/
Email:


More information through EDIRC

Keywords: Curriculum&Instruction; Teaching and Learning; Gender and Education; Primary Education; Health Monitoring&Evaluation;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Psacharopoulos, George & Velez, Eduardo, 1994. "Education and the labor market in Uruguay," Economics of Education Review, Elsevier, vol. 13(1), pages 19-27, March.
  2. Riveros, Luis A., 1990. "The economic return to schooling in Chile. An analysis of its long-term fluctuations," Economics of Education Review, Elsevier, vol. 9(2), pages 111-121, June.
  3. George Psacharopoulos & Richard Layard, 1979. "Human Capital and Earnings: British Evidence and a Critique," Review of Economic Studies, Oxford University Press, vol. 46(3), pages 485-503.
  4. Kugler, Bernardo & Psacharopoulos, George, 1989. "Earnings and education in Argentina: an analysis of the 1985 Buenos Aires Household Survey," Economics of Education Review, Elsevier, vol. 8(4), pages 353-365, August.
  5. Psacharopoulos, George, 1988. "Education and Development: A Review," World Bank Research Observer, World Bank Group, vol. 3(1), pages 99-116, January.
  6. Fiszbein, Ariel & Psacharopoulos, George, 1993. "A cost-benefit analysis of educational investment in Venezuela: 1989 update," Economics of Education Review, Elsevier, vol. 12(4), pages 293-298, December.
  7. Psacharopoulos, George & Steier, Francis, 1988. "Education and the labor market in Venezuela, 1975-1984," Economics of Education Review, Elsevier, vol. 7(3), pages 321-332, June.
  8. George Psacharopoulos, 1985. "Returns to Education: A Further International Update and Implications," Journal of Human Resources, University of Wisconsin Press, vol. 20(4), pages 583-604.
  9. Psacharopoulos, George, 1989. "Time trends of the returns to education: Cross-national evidence," Economics of Education Review, Elsevier, vol. 8(3), pages 225-231, June.
  10. Velez, Eduardo & Psacharopoulos, George, 1987. "The external efficiency of diversified secondary schools in Colombia," Economics of Education Review, Elsevier, vol. 6(2), pages 99-110, April.
  11. Gomez-Castellanos, Luisa & Psacharopoulos, George, 1990. "Earnings and education in Ecuador: Evidence from the 1987 household survey," Economics of Education Review, Elsevier, vol. 9(3), pages 219-227, September.
Full references (including those not matched with items on IDEAS)

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

as in new window


Cited by:

  1. Funkhouser, Edward, 1998. "The importance of firm wage differentials in explaining hourly earnings variation in the large-scale sector of Guatemala," Journal of Development Economics, Elsevier, vol. 55(1), pages 115-131, February.
  2. Bedi, Arjun S. & Gaston, Noel, 1999. "Using variation in schooling availability to estimate educational returns for Honduras," Economics of Education Review, Elsevier, vol. 18(1), pages 107-116, February.
  3. Funkhouser, Edward, 1998. "Changes in the returns to education in Costa Rica," Journal of Development Economics, Elsevier, vol. 57(2), pages 289-317.
  4. Ruth Judson, 1996. "Do low human capital coefficients make sense? A puzzle and some answers," Finance and Economics Discussion Series 96-13, Board of Governors of the Federal Reserve System (U.S.).
  5. -, 2002. "Social Panorama of Latin America 2001-2002," Panorama Social de América Latina, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1214 edited by Eclac, December.
  6. D. Lederman & W.F. Maloney & J. Messina, 2011. "The Fall of Wage Flexibility," World Bank Other Operational Studies 23575, The World Bank.
  7. World Bank, 2004. "Poverty in Guatemala," World Bank Publications, The World Bank, number 15066.
  8. Montobbio, Fabio & Rampa, Francesco, 2005. "The impact of technology and structural change on export performance in nine developing countries," World Development, Elsevier, vol. 33(4), pages 527-547, April.
  9. -, 2011. "Social Panorama of Latin America 2010," Panorama Social de América Latina, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1237 edited by Eclac, December.
  10. Lachler, Ulrich, 1998. "Education and earnings inequality in Mexico," Policy Research Working Paper Series 1949, The World Bank.
  11. Paul Bennell, 1996. "Privatization, choice and competition: The World Bank's reform agenda for vocational education and training in sub-Saharan Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 8(3), pages 467-487.
  12. Crouch, Luis A., 1996. "Public education equity and efficiency in South Africa: Lessons for other countries," Economics of Education Review, Elsevier, vol. 15(2), pages 125-137, April.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Access and download statistics

When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:1056. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.