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| Titre : | Heterogeneous Economic Returns to Post-Secondary Degrees : Evidence from Chile (2016) |
| Auteurs : | Jorge Rodríguez ; Sergio Urzua ; Loreto Reyes |
| Type de document : | Article : document électronique |
| Dans : | Journal of Human Resources - JHR (vol. 51, n° 2, Printemps 2016) |
| Article en page(s) : | pp. 416-460 |
| Langues: | Anglais |
| Catégories : |
Thésaurus CEREQ RENDEMENT DE L'EDUCATION ; ENSEIGNEMENT SUPERIEUR ; CHILI ; ANALYSE DES DONNEES ; ECONOMETRIE ; SYSTEME EDUCATIF |
| Résumé : | We analyze the economic returns to post-secondary degrees in Chile. We posit a schooling decision model with unobserved ability, degree-specific tuition costs, and earnings. We use administrative records to carry out our empirical analysis. Our results show positive average returns to post-secondary education, especially for five-year degrees. However, we also uncover significant heterogeneity. We document how unobserved characteristics (ability) determine the economic benefits of first- and second-best choices, even leading to negative returns to post-secondary degrees. Our findings illustrate the importance of allowing for heterogeneous treatment effects and individuals’ choices when examining the returns to education. |
| Document Céreq : | Non |
| En ligne : | http://jhr.uwpress.org/content/51/2/416.abstract |
