Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties
We analyze the efect of an exogenous economic shock on youth, specifcally their incentive for preferring to participate in the labor market over continuing their education. We examine the Chilean case and the sustained increase in the market price of the minerals extracted there during the period of...
- Autores:
-
Pérez Trujillo, Manuel
Rodríguez Puello, Gabriel O.
- Tipo de recurso:
- Fecha de publicación:
- 2021
- Institución:
- Universidad Tecnológica de Bolívar
- Repositorio:
- Repositorio Institucional UTB
- Idioma:
- fra
- OAI Identifier:
- oai:repositorio.utb.edu.co:20.500.12585/10423
- Acceso en línea:
- https://hdl.handle.net/20.500.12585/10423
https://doi.org/10.1007/s00168-021-01069-8
- Palabra clave:
- Economía
Escolaridad
Minería
Mercado laboral
LEMB
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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| dc.title.spa.fl_str_mv |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| spellingShingle |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties Economía Escolaridad Minería Mercado laboral LEMB |
| title_short |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title_full |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title_fullStr |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title_full_unstemmed |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title_sort |
Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| dc.creator.fl_str_mv |
Pérez Trujillo, Manuel Rodríguez Puello, Gabriel O. |
| dc.contributor.author.none.fl_str_mv |
Pérez Trujillo, Manuel Rodríguez Puello, Gabriel O. |
| dc.subject.keywords.spa.fl_str_mv |
Economía Escolaridad Minería Mercado laboral |
| topic |
Economía Escolaridad Minería Mercado laboral LEMB |
| dc.subject.armarc.none.fl_str_mv |
LEMB |
| description |
We analyze the efect of an exogenous economic shock on youth, specifcally their incentive for preferring to participate in the labor market over continuing their education. We examine the Chilean case and the sustained increase in the market price of the minerals extracted there during the period of Metal Mining Price Boom between the years 2003 and 2011. Chile is a large-scale producer of metals, being the world’s largest producer of copper and the third largest producer of molybdenum. The prices of such metals increased steadily during the shock, what boosted the economic growth and the demand for labor. This shock altered the skill composition in the labor market, increasing the jobs for low- and medium–low-skilled workers in the counties more exposed to the shock, thus being the metal mining counties the most afected by its impact. According to this, our results show a negative impact of the shock on returns to schooling that simultaneously reduced school enrollment rates while increasing youth labor participation in those counties |
| publishDate |
2021 |
| dc.date.issued.none.fl_str_mv |
2021-06-11 |
| dc.date.accessioned.none.fl_str_mv |
2022-01-28T20:06:08Z |
| dc.date.available.none.fl_str_mv |
2022-01-28T20:06:08Z |
| dc.date.submitted.none.fl_str_mv |
2022-01-27 |
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info:eu-repo/semantics/article |
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info:eu-repo/semantics/restrictedAccess |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
| dc.identifier.citation.spa.fl_str_mv |
Trujillo, M.P., Puello, G.O.R. Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties. Ann Reg Sci (2021). https://doi.org/10.1007/s00168-021-01069-8 |
| dc.identifier.uri.none.fl_str_mv |
https://hdl.handle.net/20.500.12585/10423 |
| dc.identifier.doi.none.fl_str_mv |
https://doi.org/10.1007/s00168-021-01069-8 |
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Universidad Tecnológica de Bolívar |
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Repositorio Universidad Tecnológica de Bolívar |
| identifier_str_mv |
Trujillo, M.P., Puello, G.O.R. Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties. Ann Reg Sci (2021). https://doi.org/10.1007/s00168-021-01069-8 Universidad Tecnológica de Bolívar Repositorio Universidad Tecnológica de Bolívar |
| url |
https://hdl.handle.net/20.500.12585/10423 https://doi.org/10.1007/s00168-021-01069-8 |
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fra |
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fra |
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http://purl.org/coar/access_right/c_abf2 |
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http://creativecommons.org/licenses/by-nc-nd/4.0/ |
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info:eu-repo/semantics/openAccess |
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Attribution-NonCommercial-NoDerivatives 4.0 Internacional |
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http://creativecommons.org/licenses/by-nc-nd/4.0/ Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://purl.org/coar/access_right/c_abf2 |
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openAccess |
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29 Páginas |
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application/pdf |
| dc.publisher.place.spa.fl_str_mv |
Cartagena de Indias |
| dc.source.spa.fl_str_mv |
The Annals of Regional Science - vol. 67 n° 3 |
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Universidad Tecnológica de Bolívar |
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Pérez Trujillo, Manueld0cea769-9530-4e7b-b276-4f312782a89bRodríguez Puello, Gabriel O.a0c06b7b-e96e-4194-8c3d-18122b0ce4192022-01-28T20:06:08Z2022-01-28T20:06:08Z2021-06-112022-01-27Trujillo, M.P., Puello, G.O.R. Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties. Ann Reg Sci (2021). https://doi.org/10.1007/s00168-021-01069-8https://hdl.handle.net/20.500.12585/10423https://doi.org/10.1007/s00168-021-01069-8Universidad Tecnológica de BolívarRepositorio Universidad Tecnológica de BolívarWe analyze the efect of an exogenous economic shock on youth, specifcally their incentive for preferring to participate in the labor market over continuing their education. We examine the Chilean case and the sustained increase in the market price of the minerals extracted there during the period of Metal Mining Price Boom between the years 2003 and 2011. Chile is a large-scale producer of metals, being the world’s largest producer of copper and the third largest producer of molybdenum. The prices of such metals increased steadily during the shock, what boosted the economic growth and the demand for labor. This shock altered the skill composition in the labor market, increasing the jobs for low- and medium–low-skilled workers in the counties more exposed to the shock, thus being the metal mining counties the most afected by its impact. According to this, our results show a negative impact of the shock on returns to schooling that simultaneously reduced school enrollment rates while increasing youth labor participation in those counties29 Páginasapplication/pdffrahttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAttribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://purl.org/coar/access_right/c_abf2The Annals of Regional Science - vol. 67 n° 3Economic shocks and their efect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean countiesinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/restrictedAccesshttp://purl.org/coar/resource_type/c_2df8fbb1EconomíaEscolaridadMineríaMercado laboralLEMBCartagena de IndiasÁlvarez R, García-Marín A, Ilabaca S (2018) Commodity price shocks and poverty reduction in Chile. Resour Policy. https://doi.org/10.1016/j.resourpol.2018.04.004Angrist J, Krueger A (2001) Instrumental variables and the search for identifcation: from supply and demand to natural experiments. J Econ Perspect 15(4):69–85Aragón F, Rud J (2012) Mining, pollution and agricultural productivity: evidence from Ghana. Econ J. https://doi.org/10.1111/ecoj.12244Aroca P, Atienza M (2008) La conmutación regional en Chile y su impacto en la Región de Antofagasta. Revista Latinoamericana De Estudios Urbanos Regionales 34(102):97–121Becker G (1964) Human Capital. Columbia University Press for the National Bureau of Economic Research, New YorkBlack DA, McKinnish T, Sanders S (2005) Tight labor markets and the demand for education: evidence from the coal boom and bust. Ind Labor Relat Rev 59(1):3–16Calero C, Bedi A, Sparrow R (2009) Remittances, liquidity constraints and human capital investments in Ecuador. World Dev 37(6):1143–1154Card D (2001) Immigrant infows, native outfows, and the local market impacts of higher immigration. J Law Econ 19(1):22–64Carneiro P, Heckman J (2002) The evidence on credit constraints in post-secondary schooling. Econ J 112:989–1018Ferreira F, Schady N (2009) Aggregate economic shocks, child schooling, and child health. World Bank Res Obs 24(2):147–181Funkhouser E (1999) Cyclical economic conditions and school attendance in Costa Rica. Econ Educ Rev 18(1):31–50Goldin C (1999) Egalitarianism and the returns to education during the great transformation of American Education. J Polit Econ 107(6):65–94Greene W (2012) Econometric Analysis, 7th edn. Pearson, New YorkLoayza N, Rigolini J (2016) The local impact of mining on poverty and inequality: evidence from the commodity boom in Peru. World Dev 84:219–234Mckenzie D (2003) How do households cope with aggregate shocks? evidence from the Mexican Peso Crisis. World Dev 31(7):1179–1199Mincer J (1974) Schooling, Experience, and Earnings. National Bureau of Economic Research, New YorkModrego F, Berdegué J (2015) A large-scale mapping of territorial development dynamics in Latin America. World Dev 73:11–31Observatorio Laboral para la Región de Antofagasta (OLAB) (2016) Panorama Regional Antofagasta, OLAB, Servicio Nacional de Capacitación y Empleo (Chile)Pellandra A (2015) The commodity price boom and regional workers in Chile: a natural resources blessing? Working Paper Lacerlacea, https://pdfs.semanticscholar.org/5ecf/4f0764da5971bbccc66bb1a8e d8731055fa6.pdfPetrongolo B (2001) Pissarides C (2001) Looking into the black box: a survey on the matching function. J Econ Lit 39:390–431Radetzki M, Eggert R, Lagos G, Lima M, Tilton J (2008) The boom in mineral markets: how long might it last? Resour Policy 33(3):125–128Rehner J, Vergara F (2014) Efectos recientes de la actividad exportadora sobre la reestructuración económica urbana en Chile. Revista De Geografía Norte Grande 59:83–103Schady N (2004) Do macroeconomic crises always slow human capital accumulation? World Bank Econ Rev 18(2):131–154Singleton K (2013) Investor fows and the 2008 boom/bust in oil prices. Manage Sci 60(2):300–318Willis RJ, Rosen S. (1979) Education and Self-selection. Journal of Political Economy. Special Number Part 2: Education and Income Distribution. 87(5): s7-s36Zarkin GA (1983) Cobweb vs rational expectations models. 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