A MULTILEVEL ANALYSIS OF THE RETURNS TO EDUCATION IN ECUADOR. THE MULTIFACETED IMPACT OF HUMAN CAPITAL

Mercy Raquel ORELLANA Bravo, Monica RÄ‚ILEANU Szeles and Dalia Maritza ARGUDO Barrera

Scientific Annals of Economics and Business (continues Analele Stiintifice), 2017, vol. 63, issue 3, 1 - 19

Abstract: This paper analyses the returns to education in Ecuador based on cross-sectional data collected by a National Survey at the individual- and canton-levels in 2005 and 2015. The multilevel analysis provides the methodological framework that allows capturing the regional peculiarities of data as well as addressing the high regional economic heterogeneity. The two level- random intercept and random slope models are used to examine the impact of individual-level and canton-level characteristics on the labour income. In subsidiary, the paper explains the proportion of variance in individual- level income that is explained by canton- level characteristics. JEL Codes - I26, J31, I24

Keywords: regional heterogeneity; return to education; variance (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aic:saebjn:v:63:y:2017:i:3:p:1-19:n:48

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