Decline in values of degrees and recent evolution of wage inequality: Evidence from Chile

Yoshimichi Murakami and Tomokazu Nomura

Estudios de Economia, 2023, vol. 50, issue 1 Year 2023, 55-132

Abstract: Using data from nationally and regionally representative household surveys, we analyze the association between the changes in coefficients of dummy varia-bles for higher education degrees in the wage equation and evolution of wage inequality in Chile from 2013-2017. Employing a decomposition method using unconditional quantile regressions, we find that a significant decline in the coe-fficients of professional degrees, especially from new private universities, with a larger magnitude at upper quantiles, is associated with a substantial reduction in wage inequality. The results are robust to the correction for sample selection bias and control for workers’ occupation and firm size categories.

Keywords: Higher education; wage inequality. (search for similar items in EconPapers)
JEL-codes: I23 I24 I26 J31 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Decline in Values of Degrees and Recent Evolution of Wage Inequality: Evidence from Chile (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:udc:esteco:v:50:y:2023:i:1:p:55-132

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