Economic Volatility and Returns to Education in Venezuela : 1992-2002 / Chris N. Sakellariou, Harry Anthony Patrinos.

Format:

Book

Author/Creator:

Sakellariou, Chris N., author.

Patrinos, Harry Anthony, author.

Series:

Policy research working papers (Online) ; 3459.

Policy research working papers (Online) ; 3459

Language:

English

Subjects (All):

Labor supply.

Physical Description:

1 online resource (44 pages).

Other Title:

Policy research working paper vol. 3459

Place of Publication:

Washington, DC : World Bank, 2004.

Summary:

"Preliminary evidence suggests that the rates of return to education in Venezuela have been declining since the 1970s. Patrinos and Sakellariou rigorously estimate the returns to education in Venezuela for the period 1992-2002 and link them to earlier available estimates from the 1980s. They use consistent cross-sections from the Encuesta de Hogares por Muestro to document falling returns to schooling and educational levels until the mid-1990s, followed by increasing returns thereafter. The authors use quantile regression analysis to provide further insight into the within skill group changes in returns over time. This paper--a product of the Education Sector Unit, Latin America and the Caribbean Region--is part of a larger effort in the region to estimate the labor market outcomes of education"--World Bank web site.

Notes:

Description based on publisher supplied metadata and other sources.

Includes bibliographical references and index.

Publisher Number:

10.1596/1813-9450-3459