Heterogeneous economic returns to post-secondary degrees: Evidence from Chile

Jorge Rodríguez, Sergio Urzúa, Loreto Reyes

Resultado de la investigación: Contribución a una revistaArtículorevisión exhaustiva

15 Citas (Scopus)

Resumen

We analyze the economic returns to different postsecondary degrees in Chile. We posit a schooling decision model with unobserved ability, observed test scores and labor market outcomes. We benefit from administrative records to carry out our empirical strategy. Our results show positive average returns to postsecondary degrees, especially for five-year degrees. However, we also uncover a large fraction of individuals with realized negative net returns. Although psychic benefits of postsecondary education could rationalize this result, we argue this might also suggest that individuals lack information at the time schooling decisions are made. Finally, our findings illustrate the importance of allowing for heterogeneous treatment effects when making policy recommendations.
Idioma originalInglés
Páginas (desde-hasta)416-460
Número de páginas45
PublicaciónJournal of Human Resources
Volumen51
N.º2
DOI
EstadoPublicada - 2013

Nota bibliográfica

Publisher Copyright:
© 2016 by the Board of Regents of the University of Wisconsin System.

Palabras clave

  • Econometrics
  • Estimation models
  • Labor economics

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