Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115525
Authors: 
González-Velosa, Carolina
Rucci, Graciana
Sarzosa, Miguel
Urzúa, Sergio
Year of Publication: 
2015
Series/Report no.: 
IDB Working Paper Series IDB-WP-587
Abstract: 
In the last decades, countries in Latin America and the Caribbean have experienced a dramatic increase in the levels of higher education enrollment. Using administrative data from Chile and Colombia, we find that this phenomenon is not always associated with higher private individual returns. In both countries, there is a significant dispersion in the net returns to higher education and a significant proportion of graduates could be facing negative returns. This means that, for many higher education graduates, net earnings might have been higher if they had not earned a higher education degree. We hypothesize that while there have been major policy efforts to increase coverage, institutional arrangements that encourage quality and relevance has been insufficient. Corrective measures in this direction are urgent. Sustainable growth requires a labor force with relevant skills and capabilities. In light of our results, it is not clear that the higher education systems in these countries are delivering these outcomes.
Subjects: 
Higher education
returns to higher education
heterogeneity
inequality
skills
productivity
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode
Document Type: 
Working Paper

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