How Profitable is Higher Education in Colombia?

Gustavo Hernández ()

Lecturas de Economía, 2010, issue 73, 181-214

Abstract: This paper examines the education premium for graduate students in Colombia, focusing on the screening hypothesis which is tested via sheepskin effects. A new dataset for higher education is constructed using administrative records of educational institutions and social security information. The findings suggest that the Colombian labor market places a high value on an individual’s alma mater, followed in, second place, by undergraduate field of study. Finally, the evidence also implies that job experience acquired after obtaining a degree has a higher return than job experience obtained before or not related to the degree’s field of study.

Keywords: Education premium; tertiary education; human capital; wage differentials. (search for similar items in EconPapers)
JEL-codes: A23 I21 I23 (search for similar items in EconPapers)
Date: 2010
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