Wage Returns to Colombia: a Quantile Analysis

This article examines the wage returns of young people and adults, considering the effect of education and experience. It is taken into account, especially, the point of view of human capital theory and its criticisms, to evaluate the relationship between education, experience and salary. The empirical analysis is based on the Mincer model, but through quantile regressions, to determine by 10 quantiles in each group as wage returns are given. It is verified that for young people there is greater impact of acquire experience than education on the wage returns, which affects labor insertion and obtaining higher income.

• Tipo de recurso: http://purl.org/coar/resource_type/c_7043
• Fecha de publicación: 2017
• Institución: Universidad Pedagógica y Tecnológica de Colombia
• Repositorio: RiUPTC: Repositorio Institucional UPTC
• Idioma: spa
• OAI Identifier: oai:repositorio.uptc.edu.co:001/11968
• Acceso en línea: https://revistas.uptc.edu.co/index.php/cenes/article/view/5830; https://repositorio.uptc.edu.co/handle/001/11968
• Palabra clave: wage return; human capital; quantile regression; education; experience; retorno salarial; capital humano; regresión cuantilica; educación; experiencia.
• License: Copyright (c) 2017 Cristian Dario Castillo Robayo, Julimar Da Silva Bichara, Manuel Pérez Trujillo