Retornos a la educación terciaria en Chile
Marzo 10, 2013

Heterogeneous Economic Returns to Postsecondary Degrees: Evidence from Chile

Loreto Reyes, Jorge Rodríguez, Sergio S. Urzúa

NBER Working Paper No. 18817
Issued in February 2013
NBER Program(s):   ED   LS

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.

download in pdf format
   (653 K)
email paper

This paper is available as PDF (653 K) or via email.

Acknowledgments

Machine-readable bibliographic record – MARC, RIS, BibTeX

0 Comments

Submit a Comment

Su dirección de correo no se hará público. Los campos requeridos están marcados *

PUBLICACIONES

Libros

Capítulos de libros

Artículos académicos

Columnas de opinión

Comentarios críticos

Entrevistas

Presentaciones y cursos

Actividades

Documentos de interés

Google académico

DESTACADOS DE PORTADA

Artículos relacionados

Share This