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Do Colombian students underestimate higher education returns?

Luis Gamboa () and Paul Rodriguez Lesmes ()

Documentos de Trabajo from Universidad del Rosario

Abstract: We analyze the determinants of subjective returns of higher education in Colombia. The information on expectations has been collected in categories, motivating the use of interval regression and an ordered probit approaches for modeling the relationship between beliefs and measures of ability, conditioning on individual, school and regional covariates. The results suggest that there are considerable differences in the size of the expected returns according to some population groups and a strong dominance of college against technical education. Gender gaps disappear in college education but it is found that girls tend to believe that professional wages are more concentrated into higher income categories than boys. Finally, it seems that Colombian students overestimate the pecuniary returns to education.

Keywords: Subjective expectations; ex-ante returns; Colombia; schooling choices (search for similar items in EconPapers)
JEL-codes: I25 J24 D84 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-lam
Date: 2014-08-21
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Downloads: (external link)
http://repository.urosario.edu.co/bitstream/handle/10336/11002/12050.pdf

Related works:
Journal Article: Subjective Earnings and Academic Expectations of Tertiary Education in Colombia (2018) Downloads
Journal Article: Subjective Earnings and Academic Expectations of Tertiary Education in Colombia (2018) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:col:000092:012050

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