Economic Volatility and Returns to Education in Venezuela: 1992-2002
Preliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. The authors rigorously estimate the returns to education in Venezuela for the period 1992-2002, and link them to earlier available...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/11/5506005/economic-volatility-returns-education-venezuela-1992-2002 http://hdl.handle.net/10986/14198 |
| Summary: | Preliminary evidence suggests that the
rates of return to education in Venezuela have been
declining since the 1970s. The authors rigorously estimate
the returns to education in Venezuela for the period
1992-2002, and link them to earlier available estimates from
the 1980s. They use consistent cross-sections from the
"Encuesta de Hogares por Muestreo" (Household
Survey) to document falling returns to schooling, and
educational levels until the mid-1990s, followed by
increased returns thereafter. The authors use quantile
regression analysis to provide further insight into and
within skill group changes in returns over time. |
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