Decisions about postsecondary education, their returns and heterogeneity in Colombia
Fecha
2013
Autores
Saavedra Caballero, Fabiola
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Editor
Universidad EAFIT
Resumen
This study analyzes the economic returns to schooling decisions made by high
school graduates in Colombia -- We wanted to verify if the economic returns (wages)
obtained by newly postsecondary education graduates compensate the economic
and psychological investment they made in order to get that academic degree -- To
answer that question, we estimated these economic returns for each type of
postsecondary degree available in Colombia by origin of the institution (public or
private) -- Our methodological strategy includes the generation of a micro-data base
that contains agents’ socio-economic background and also their individual labor
market outcomes -- Because agents with very similar characteristics and the same
schooling decisions might get different economic returns from education, we considered as part of our empirical strategy the inclusion of an approximation of agents’ cognitive abilities