Double Penalty in Returns to Education: Informality and Educational Mismatch in the Colombian Labour Market

Paula Herrera-Id�rraga, Enrique L�pez-Bazo and Elisabet Motell�n
Authors registered in the RePEc Author Service: Paula Herrera-Idárraga and Enrique Lopez-Bazo

Journal of Development Studies, 2015, vol. 51, issue 12, 1683-1701

Abstract: This article examines the returns to education taking into consideration the existence of educational mismatches in the formal and informal employment of a developing country. Results show that the returns of surplus, required and deficit years of schooling are different in the two sectors. Moreover, they suggest that these returns vary along the wage distribution, and that the pattern of variation differs for formal and informal workers. In particular, informal workers face not only lower returns to their education, but suffer a second penalty associated with educational mismatches that puts them at a greater disadvantage compare to their formal counterparts.

Date: 2015
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Related works:
Working Paper: Double Penalty in Returns to Education: Informality and Educational Mismatch in the Colombian Labour market (2013)
Working Paper: Double Penalty in Returns to Education: Informality and Educational Mismatch in the Colombian Labour market (2013)
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DOI: 10.1080/00220388.2015.1041516

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