Why Brazil fell behind in college education?

Chiara Binelli and Naercio Menezes-Filho

Economics of Education Review, 2019, vol. 72, issue C, 80-106

Abstract: Brazil fell behind in higher education attainment for the cohorts born in the 1950s and 1960s. We jointly model educational choices, labor force participation and wages, and compute the average, marginal and internal rate of returns to schooling after controlling for changes in ability composition at all levels of education. We find very high returns to college, which indicate that the disappointing trend in higher education could reflect binding credit constraints, psychic costs or uncertainty about future earnings gains from schooling.

Keywords: Returns to schooling; Educational choices; Labor market participation (search for similar items in EconPapers)
JEL-codes: C51 J24 J31 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:72:y:2019:i:c:p:80-106

DOI: 10.1016/j.econedurev.2019.04.007

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