How Profitable is Tertiary Education in Colombia? A Measurement Data under Alternative Sources (In Spanish)

University of La Salle Economics Paper No. 2

35 Pages Posted: 2 Jun 2010

Date Written: February 2010

Abstract

This paper analyzes the education premium of graduate students in Colombia, and the hypothesis of sheepskin and screening effects in Colombia. A new data base was used for higher education; this has been constructed from administrative records of educational institutions and social security. I find that, labor market gives a lot of importance from which educational institution one person has achieved her diploma; in second place the choice of career is important to earn more money, which supports the hypothesis of sheepskin and screening effects. Additionally, obtained experience subsequent to the graduation has a greater yield than the independent experience of the acquired human class of capital. Besides is found that a higher degree has an education premium from 14.7% to 18.1%, but depends of what kind of degree obtains, that is, a person with a technical degree has a premium of 6.9% and a person with PhD degree has a premium of 21.6%.

En este trabajo analiza la rentabilidad de la educación superior en Colombia, particularmente, y la hipótesis de screening en Colombia, es decir, la importancia del capital humano adquirido. Se utilizó una nueva base de datos para la educación superior, esta ha sido construida a partir de los registros administrativos de las instituciones de educación superior, y es cruzada con la Base de Aportantes de seguridad social. Se encuentra que el mercado laboral colombiano valora mucho la institución de la cual se gradúa el individuo, seguido por la elección de la carrera. Adicionalmente, la experiencia lograda posterior a la graduación tiene una mayor rentabilidad que la experiencia independiente de la clase de capital humano adquirido. Además se encuentra que el retorno de la educación superior en Colombia se encuentra entre el 14.7% y 18.1%, dependiendo del título obtenido, esto es, una persona con una carrera técnica tiene un retorno de 6.9% mientras una persona con un doctorado tiene un premio de 21.6%.

Note: Downloadable document is in Spanish.

Keywords: human capital, tertiary education, wage differentials

JEL Classification: A23, I21, I23

Suggested Citation

Hernández, Gustavo, How Profitable is Tertiary Education in Colombia? A Measurement Data under Alternative Sources (In Spanish) (February 2010). University of La Salle Economics Paper No. 2, Available at SSRN: https://ssrn.com/abstract=1619487 or http://dx.doi.org/10.2139/ssrn.1619487

Gustavo Hernández (Contact Author)

Dirección de Estudios Económicos ( email )

Bogota
Colombia

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