RETURNS TO EDUCATION, COHORTS AND BUSINESS CYCLE IN COSTA RICA: 1987-2008

 

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Detalles Bibliográficos
Autor: Rojas, Luis
Formato: artículo original
Estado:Versión publicada
Fecha de Publicación:2013
Descripción:A pseudo-panel approach is used to estimate the returns to schooling (RTS) in Costa Rica. Thisapproach ameliorates the “ability” bias due to the correlation between the level of education and nonobservablecharacteristics of the individual.We found that RTS are higher for older samples.Once we study the behavior of the RTS -using different settings and estimators- we analyze theircorrelation withDeaton’s year, cohort and age effects. We found that the income of younger cohorts isgreater than the income of older cohorts, once experience and short run fluctuations of the economyare accounted for. This difference in income between generations is explained by differences in levelsof education. Other factors that differ between generations seem to be less important to explain theirincome differences. Finally, we present preliminary evidence suggesting that short run fluctuations ofthe GDP affect in a greater extent those with less education.
País:Portal de Revistas UCR
Institución:Universidad de Costa Rica
Repositorio:Portal de Revistas UCR
Lenguaje:Español
OAI Identifier:oai:portal.ucr.ac.cr:article/10617
Acceso en línea:https://revistas.ucr.ac.cr/index.php/economicas/article/view/10617
Access Level:acceso abierto
Palabra clave:Pseudo panel
rendimientos a la educación
cohortes
returns to education
cohorts