Schooling and Labor Market Impacts of a Natural Policy Experiment
The authors use a nationally representative household survey to estimate returns to schooling in Venezuela from instrumental variables based on a supply-side intervention in the education market. These estimates apply to a subgroup of liquidity-con...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/11/5436084/schooling-labor-market-impacts-natural-policy-experiment http://hdl.handle.net/10986/14217 |
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okr-10986-142172021-04-23T14:03:21Z Schooling and Labor Market Impacts of a Natural Policy Experiment Patrinos, Harry Anthony Sakellariou, Chris HOUSEHOLD SURVEYS SCHOOLING LABOR MARKET NEXUS EDUCATION AIMS & OBJECTIVES SUPPLY-SIDE POLICY EDUCATION REFORM LEGAL & REGULATORY FRAMEWORK BASIC EDUCATION CURRICULUM PARENT EDUCATION POLICY PLANNING ENDOGENOUS EDUCATION TREATMENT EFFECTS The authors use a nationally representative household survey to estimate returns to schooling in Venezuela from instrumental variables based on a supply-side intervention in the education market. These estimates apply to a subgroup of liquidity-constrained individuals, in the spirit of the Local Average Treatment Effect (LATE) literature. Returns to schooling estimates which apply to a subgroup of individuals affected by the policy intervention may be more interesting from a policy perspective than the return to the "average" individual. The authors use an instrument based on the 1980 education reform (the Organic Law of Education) which provided for nine years of compulsory basic education. They also obtain alternative estimates using father's education as an instrument, in an attempt to derive high and low estimates of returns to schooling in Venezuela. The estimates are consistent with recent findings suggesting that the effect of education, at least for certain subgroups affected by a policy intervention, is as large, or larger than what is suggested by OLS estimates. 2013-06-26T18:12:27Z 2013-06-26T18:12:27Z 2004-11 http://documents.worldbank.org/curated/en/2004/11/5436084/schooling-labor-market-impacts-natural-policy-experiment http://hdl.handle.net/10986/14217 English en_US Policy Research Working Paper;No.3460 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Venezuela, Republica Bolivariana de |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
HOUSEHOLD SURVEYS SCHOOLING LABOR MARKET NEXUS EDUCATION AIMS & OBJECTIVES SUPPLY-SIDE POLICY EDUCATION REFORM LEGAL & REGULATORY FRAMEWORK BASIC EDUCATION CURRICULUM PARENT EDUCATION POLICY PLANNING ENDOGENOUS EDUCATION TREATMENT EFFECTS |
| spellingShingle |
HOUSEHOLD SURVEYS SCHOOLING LABOR MARKET NEXUS EDUCATION AIMS & OBJECTIVES SUPPLY-SIDE POLICY EDUCATION REFORM LEGAL & REGULATORY FRAMEWORK BASIC EDUCATION CURRICULUM PARENT EDUCATION POLICY PLANNING ENDOGENOUS EDUCATION TREATMENT EFFECTS Patrinos, Harry Anthony Sakellariou, Chris Schooling and Labor Market Impacts of a Natural Policy Experiment |
| geographic_facet |
Latin America & Caribbean Venezuela, Republica Bolivariana de |
| relation |
Policy Research Working Paper;No.3460 |
| description |
The authors use a nationally
representative household survey to estimate returns to
schooling in Venezuela from instrumental variables based on
a supply-side intervention in the education market. These
estimates apply to a subgroup of liquidity-constrained
individuals, in the spirit of the Local Average Treatment
Effect (LATE) literature. Returns to schooling estimates
which apply to a subgroup of individuals affected by the
policy intervention may be more interesting from a policy
perspective than the return to the "average"
individual. The authors use an instrument based on the 1980
education reform (the Organic Law of Education) which
provided for nine years of compulsory basic education. They
also obtain alternative estimates using father's
education as an instrument, in an attempt to derive high and
low estimates of returns to schooling in Venezuela. The
estimates are consistent with recent findings suggesting
that the effect of education, at least for certain subgroups
affected by a policy intervention, is as large, or larger
than what is suggested by OLS estimates. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Patrinos, Harry Anthony Sakellariou, Chris |
| author_facet |
Patrinos, Harry Anthony Sakellariou, Chris |
| author_sort |
Patrinos, Harry Anthony |
| title |
Schooling and Labor Market Impacts of a Natural Policy Experiment |
| title_short |
Schooling and Labor Market Impacts of a Natural Policy Experiment |
| title_full |
Schooling and Labor Market Impacts of a Natural Policy Experiment |
| title_fullStr |
Schooling and Labor Market Impacts of a Natural Policy Experiment |
| title_full_unstemmed |
Schooling and Labor Market Impacts of a Natural Policy Experiment |
| title_sort |
schooling and labor market impacts of a natural policy experiment |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/11/5436084/schooling-labor-market-impacts-natural-policy-experiment http://hdl.handle.net/10986/14217 |
| _version_ |
1764430754890121216 |