This research is about the returns of education in Guatemala, based on the theory of human capital and the model of Mincer, which is the most used for this type of studies with the objective of comparing the returns of the years 2002 and 2018. The database used in the estimates, using ordinary least squares, was obtained from Employment and Revenue Surveys for the years 2002, 2010 and 2018. The results reveal positive and increasing returns by educational level, although lower in 2018 compared to 2002. The reduction in returns to education is recorded more at the level of university education. The evidence shows that the returns to education evolve according to the economic cycle.
Returns to education experience human capital income Mincer equation