RETURNS TO EDUCATION, COHORTS AND BUSINESS CYCLE IN COSTA RICA: 1987-2008
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| Συγγραφέας: | |
|---|---|
| Μορφή: | artículo original |
| Κατάσταση: | Versión publicada |
| Ημερομηνία έκδοσης: | 2013 |
| Περιγραφή: | 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. |
| Χώρα: | Portal de Revistas UCR |
| Ίδρυμα: | Universidad de Costa Rica |
| Repositorio: | Portal de Revistas UCR |
| Γλώσσα: | Español |
| OAI Identifier: | oai:portal.ucr.ac.cr:article/10617 |
| Διαθέσιμο Online: | https://revistas.ucr.ac.cr/index.php/economicas/article/view/10617 |
| Λέξη-Κλειδί : | Pseudo panel rendimientos a la educación cohortes returns to education cohorts |