Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305725 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 17283
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Using longitudinal data of college graduates in Colombia, we estimate labor market returns to postsecondary degrees and to various skills—including literacy, numeracy, foreign language, and field-specific skills. Graduates of academic programs and schools of higher reputation obtain higher earnings relative to vocational public programs. A one standard deviation increase in each skill predicts average earnings increases of one to three percent. Returns vary along the earnings distribution, with tenure, with the degree of job specialization, and by gender. Our results imply that degrees and skills capture different human capital components that are rewarded differently in the labor market.
Subjects: 
returns to skills
returns to education
numeracy
literacy
foreign language
field-specific
Colombia
JEL: 
I20
I24
J24
J31
Document Type: 
Working Paper

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