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Beyond the mincer equation: the internal rate of return to higher education in Colombia

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dc.creatorGarcía Suaza, Andrés Felipe
dc.creatorGuataquí, Juan
dc.creatorGuerra Forero, José Alberto
dc.creatorMaldonado, Dario
dc.date.accessioned2015-10-01T20:26:48Z
dc.date.available2015-10-01T20:26:48Z
dc.date.created2009-08
dc.date.issued2009
dc.description.abstractIn order to present an estimation of the Internal Rate of Return (IRR) to higher education in Colombia we take advantage of the methodological approach provided by Heckman, Lochner and Todd (2005). Trying to overcome the criticism that surrounds interpretations of the education coefficient of Mincer equations as being the rate of return to investments in education we develop a more structured approach of estimation, which controls for selection bias, includes more accurate measures of labor income and the role of education costs and income taxes. Our results implied a lower rate of return than the ones found in the Colombian literature and show that the Internal Rate of Return for higher education in Colombia lies somewhere between 0.074 and 0.128. The results vary according to the year analyzed and individual’s gender. This last result reinforces considerations regarding gender discrimination in the Colombian labor market.eng
dc.format.extent149 páginasspa
dc.format.mediumRecurso electrónicospa
dc.format.mimetypeapplication/pdf
dc.format.tipoDocumentospa
dc.identifier.doihttps://doi.org/10.48713/10336_10946
dc.identifier.editorialUniversidad del Rosario, Facultad de Economíaspa
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/10946
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationIssueNo. 68
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.ispartofSerie Documentos de trabajo ; No. 68spa
dc.relation.isversionof1spa
dc.relation.urihttps://ideas.repec.org/p/col/000092/005745.html
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto completo)spa
dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombiaspa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.ddcEconomía laboral
dc.subject.keywordEducation returnseng
dc.subject.keywordMincer equationeng
dc.subject.keywordInternal rate of returneng
dc.subject.keywordColombiaeng
dc.subject.lembEducación::Aspectos Económicosspa
dc.subject.lembEducación -- Tasa de retornospa
dc.subject.lembEducación -- Tasa de retorno -- Modelos econométricosspa
dc.subject.lembDiscriminación laboral::Colombiaspa
dc.titleBeyond the mincer equation: the internal rate of return to higher education in Colombiaspa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaDocumento de trabajospa
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