Earnings and education in Latin America : assessing priorities for schooling investments
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.
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- 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.
- 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.
- Psacharopoulos, George, 1988. "Education and Development: A Review," World Bank Research Observer, World Bank Group, vol. 3(1), pages 99-116, January.
- 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.
- 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.
- Psacharopoulos, George & Velez, Eduardo, 1994. "Education and the labor market in Uruguay," Economics of Education Review, Elsevier, vol. 13(1), pages 19-27, March.
- 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.
- 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.
- 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.
- 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.
- 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.
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