Unbundling returns to postsecondary degrees and skills: evidence from Colombia

Matias Busso, Sebastián Montaño and Juan Muñoz-Morales ()
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Sebastián Montaño: UMD - University of Maryland [College Park] - University System of Maryland
Juan Muñoz-Morales: LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - ULCO - Université du Littoral Côte d'Opale - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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Abstract: Using longitudinal data of college graduates in Colombia, we estimate labor market returns to postsecondary degrees and to various skills—including literacy, numeracy, foreign language, and field-specific skills. Graduates of academic programs and schools of higher reputation obtain higher earnings relative to vocational public programs. A one standard deviation increase in each skill predicts average earnings increases of 1–3%. Returns vary along the earnings distribution, with tenure, with the degree of job specialization, and by gender. Our results imply that degrees and skills capture different human capital components that are rewarded differently in the labor market.

Keywords: numeracy; literacy; foreign lan- guage; field-specific; Colombia; returns to education; returns to skills (search for similar items in EconPapers)
Date: 2024-09-25
Note: View the original document on HAL open archive server: https://hal.science/hal-05490565v1
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Published in Education Economics, 2024, 33 (1), pp.1-18. ⟨10.1080/09645292.2024.2403570⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05490565

DOI: 10.1080/09645292.2024.2403570

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