Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia
Códigos JEL: I22, I23, I26
- Autores:
-
Camacho González, Adriana
Rodríguez Orgales, Catherine
Sánchez Torres, Fabio
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2022
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/57321
- Acceso en línea:
- http://hdl.handle.net/1992/57321
- Palabra clave:
- Merit-based financial aid
Graduate education
Returns to education
Colombia
International Studies
Regression discontinuity
Economía
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autoreshttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Camacho González, Adriana7589600Rodríguez Orgales, Catherine10235600Sánchez Torres, Fabio105026002022-05-17T20:08:36Z2022-05-17T20:08:36Z2022-05http://hdl.handle.net/1992/573211657-719110.57784/1992/57321instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Códigos JEL: I22, I23, I26This paper estimates the impact of a postgraduate merit-based financial aid program in Colombia. Exploiting a regression discontinuity design using rich survey and administrative data, we find three main results by. First, credit constraints are binding and important even for talented individuals with higher education degrees. Our results indicate that financial aid beneficiaries increase their probability of attaining any graduate education by 33% and a graduate education at a top university abroad by 50%. Second, the labor market highly rewards this education. Beneficiary individuals earn an average a monthly labor income 45% higher than non-beneficiaries. Mediation analyses suggest that at least 50% of the impact is due to the signaling effect of being a financial aid scholar. Importantly, effects are driven by male candidates and in a higher proportion by those who attended private higher education institutions in their undergraduate studies. Third, back-of-the-envelope cost-benefit analyses suggest that this credit scholarship has a private and social IIR of 22% and 29%, respectively.43 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEFacultad de EconomíaDocumentos CEDE No. 13 Mayo de 2022https://ideas.repec.org/p/col/000089/020124.htmlDoes financial aid for top international graduate programs boost education and earnings? Evidence from ColombiaDocumento de trabajoinfo:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/acceptedVersionhttp://purl.org/coar/resource_type/c_8042Texthttp://purl.org/redcol/resource_type/WPMerit-based financial aidGraduate educationReturns to educationColombiaInternational StudiesRegression discontinuityEconomíaFacultad de EconomíaPublicationTHUMBNAILdcede2022-13.jpgdcede2022-13.jpgimage/jpeg90432https://repositorio.uniandes.edu.co/bitstreams/6dc3c842-2da0-46f8-a924-d55c99e05809/download063e7db8a8e574afcb605d76c68f6764MD52dcede2022-13.pdf.jpgdcede2022-13.pdf.jpgIM Thumbnailimage/jpeg20668https://repositorio.uniandes.edu.co/bitstreams/424617e1-b4d6-41a2-aabf-fc960707d6f5/downloadad467486b46e2474dfff25a4f2ce7519MD54ORIGINALdcede2022-13.pdfdcede2022-13.pdfapplication/pdf9827135https://repositorio.uniandes.edu.co/bitstreams/2f3c072b-2103-476a-b080-24201a3faba0/download692808724a6112a13ca6d08f3279b09eMD51TEXTdcede2022-13.pdf.txtdcede2022-13.pdf.txtExtracted texttext/plain81311https://repositorio.uniandes.edu.co/bitstreams/fb385004-890e-41ee-8c45-7fa9930d14ac/downloadb6a7aaed888decaaff85cf26f690883cMD531992/57321oai:repositorio.uniandes.edu.co:1992/573212024-06-04 15:25:57.101http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |
| dc.title.spa.fl_str_mv |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia |
| title |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia |
| spellingShingle |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia Merit-based financial aid Graduate education Returns to education Colombia International Studies Regression discontinuity Economía |
| title_short |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia |
| title_full |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia |
| title_fullStr |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia |
| title_full_unstemmed |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia |
| title_sort |
Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia |
| dc.creator.fl_str_mv |
Camacho González, Adriana Rodríguez Orgales, Catherine Sánchez Torres, Fabio |
| dc.contributor.author.spa.fl_str_mv |
Camacho González, Adriana Rodríguez Orgales, Catherine Sánchez Torres, Fabio |
| dc.subject.keyword.spa.fl_str_mv |
Merit-based financial aid Graduate education Returns to education Colombia International Studies Regression discontinuity |
| topic |
Merit-based financial aid Graduate education Returns to education Colombia International Studies Regression discontinuity Economía |
| dc.subject.themes.spa.fl_str_mv |
Economía |
| description |
Códigos JEL: I22, I23, I26 |
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2022 |
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2022-05-17T20:08:36Z |
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2022-05-17T20:08:36Z |
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2022-05 |
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Documento de trabajo |
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info:eu-repo/semantics/workingPaper |
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eng |
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eng |
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Documentos CEDE No. 13 Mayo de 2022 |
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https://ideas.repec.org/p/col/000089/020124.html |
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43 páginas |
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application/pdf |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Facultad de Economía |
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Universidad de los Andes |
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