Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties
We analyze the effect of an exogenous economic shock on youth, specifically 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...
- Autores:
-
Pérez Trujillo, Manuel
Rodríguez Puello, Gabriel O.
- Tipo de recurso:
- Fecha de publicación:
- 2022
- Institución:
- Universidad Tecnológica de Bolívar
- Repositorio:
- Repositorio Institucional UTB
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.utb.edu.co:20.500.12585/12138
- Acceso en línea:
- https://hdl.handle.net/20.500.12585/12138
- Palabra clave:
- Resource Curse;
Economic Growth;
Extractive Industries
LEMB
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title |
Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| spellingShingle |
Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties Resource Curse; Economic Growth; Extractive Industries LEMB |
| title_short |
Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title_full |
Economic shocks and their effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title_fullStr |
Economic shocks and their effect 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 effect on the schooling and labor participation of youth: evidence from the metal mining price boom in Chilean counties |
| title_sort |
Economic shocks and their effect 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 |
Resource Curse; Economic Growth; Extractive Industries |
| topic |
Resource Curse; Economic Growth; Extractive Industries LEMB |
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LEMB |
| description |
We analyze the effect of an exogenous economic shock on youth, specifically 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 affected 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. © 2021, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature. |
| publishDate |
2022 |
| dc.date.issued.none.fl_str_mv |
2022 |
| dc.date.accessioned.none.fl_str_mv |
2023-07-18T19:31:32Z |
| dc.date.available.none.fl_str_mv |
2023-07-18T19:31:32Z |
| dc.date.submitted.none.fl_str_mv |
2023 |
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info:eu-repo/semantics/article |
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https://hdl.handle.net/20.500.12585/12138 |
| dc.identifier.doi.none.fl_str_mv |
10.1007/s00168-021-01069-8 |
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Universidad Tecnológica de Bolívar |
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Repositorio Universidad Tecnológica de Bolívar |
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https://hdl.handle.net/20.500.12585/12138 |
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10.1007/s00168-021-01069-8 Universidad Tecnológica de Bolívar Repositorio Universidad Tecnológica de Bolívar |
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eng |
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eng |
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info:eu-repo/semantics/openAccess |
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Attribution-NonCommercial-NoDerivatives 4.0 Internacional |
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openAccess |
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30 páginas |
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application/pdf |
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Cartagena de Indias |
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Annals of Regional Science |
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Pérez Trujillo, Manueld0cea769-9530-4e7b-b276-4f312782a89bRodríguez Puello, Gabriel O.359debf6-0b09-4608-b679-af71d9562e1e2023-07-18T19:31:32Z2023-07-18T19:31:32Z20222023https://hdl.handle.net/20.500.12585/1213810.1007/s00168-021-01069-8Universidad Tecnológica de BolívarRepositorio Universidad Tecnológica de BolívarWe analyze the effect of an exogenous economic shock on youth, specifically 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 affected 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. © 2021, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.30 páginasapplication/pdfenghttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAttribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://purl.org/coar/access_right/c_abf2Annals of Regional ScienceEconomic shocks and their effect 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/drafthttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_2df8fbb1Resource Curse;Economic Growth;Extractive IndustriesLEMBCartagena de IndiasÁlvarez, R., García-Marín, Á., Ilabaca, S. Commodity price shocks and poverty reduction in Chile (2021) Resources Policy, 70, art. no. 101177. Cited 15 times. www.elsevier.com/inca/publications/store/3/0/4/6/7/ doi: 10.1016/j.resourpol.2018.04.004Angrist, J.D., Krueger, A.B. Instrumental variables and the search for identification: From supply and demand to natural experiments (2001) Journal of Economic Perspectives, 15 (4), pp. 69-85. Cited 1243 times. http://pubs.aeaweb.org/openurl?genre=journal&stitle=jep doi: 10.1257/jep.15.4.69Aragón, F.M., Rud, J.P. Polluting Industries and Agricultural Productivity: Evidence from Mining in Ghana (2016) Economic Journal, 126 (597), pp. 1980-2011. Cited 69 times. http://www.blackwellpublishers.co.uk/journals/ECOJ/descript.htm doi: 10.1111/ecoj.12244Aroca, P., Atienza, M. Regional commuting in Chile and its impact on the Antofagasta region (2008) Eure, 34 (102), pp. 97-120. Cited 56 times. http://www.scielo.cl/pdf/eure/v34n102/art06.pdfBecker, G. (1964) Human Capital. Cited 5878 times. Columbia University Press for the National Bureau of Economic Research, New YorkBlack, D.A., McKinnish, T.G., Sanders, S.G. Tight labor markets and the demand for education: Evidence from the coal boom and bust (2005) Industrial and Labor Relations Review, 59 (1), pp. 3-16. Cited 92 times. doi: 10.1186/1476-5918-4-3Calero, C., Bedi, A.S., Sparrow, R. Remittances, Liquidity Constraints and Human Capital Investments in Ecuador (2009) World Development, 37 (6), pp. 1143-1154. Cited 171 times. doi: 10.1016/j.worlddev.2008.10.006Card, D. Immigrant inflows, native outflows, and the local labor market impacts of higher immigration (Open Access) (2001) Journal of Labor Economics, 19 (1), pp. 22-64. Cited 947 times. doi: 10.1086/209979Carneiro, P., Heckman, J.J. The evidence on credit constraints in post-secondary schooling (2002) Economic Journal, 112 (482), pp. 705-734. Cited 449 times. doi: 10.1111/1468-0297.00075Ferreira, F.H.G., Schady, N. Aggregate economic shocks, child schooling, and child health (2009) World Bank Research Observer, 24 (2), pp. 147-181. Cited 111 times. doi: 10.1093/wbro/lkp006Funkhouser, E. Cyclical economic conditions and school attendance in Costa Rica (1999) Economics of Education Review, 18 (1), pp. 31-50. Cited 27 times. doi: 10.1016/S0272-7757(97)00053-8Goldin, C. Egalitarianism and the returns to education during the great transformation of American education (1999) Journal of Political Economy, 107 (6 PART 2), pp. S65-S94. Cited 66 times. doi: 10.1086/250104Greene, W. (2012) Econometric Analysis. Cited 33545 times. 7, Pearson, New YorkLoayza, N., Rigolini, J. The Local Impact of Mining on Poverty and Inequality: Evidence from the Commodity Boom in Peru (2016) World Development, 84, pp. 219-234. Cited 107 times. http://www.journals.elsevier.com/world-development/ doi: 10.1016/j.worlddev.2016.03.005McKenzie, D.J. How do households cope with aggregate shocks? Evidence from the Mexican peso crisis (Open Access) (2003) World Development, 31 (7), pp. 1179-1199. Cited 91 times. http://www.journals.elsevier.com/world-development/ doi: 10.1016/S0305-750X(03)00064-0Mincer, J. (1974) Schooling, Experience, and Earnings. Cited 4758 times. National Bureau of Economic Research, New YorkModrego, F., Berdegué, J.A. A Large-Scale Mapping of Territorial Development Dynamics in Latin America (2015) World Development, 73, pp. 11-31. Cited 32 times. http://www.journals.elsevier.com/world-development/ doi: 10.1016/j.worlddev.2014.12.015Panorama Regional Antofagasta, OLAB (2016) Servicio Nacional De Capacitación Y Empleo (Chile)Petrongolo, B., Pissarides, C.A. Looking into the black box: A survey of the matching function (Open Access) (2001) Journal of Economic Literature, 39 (2), pp. 390-431. Cited 920 times. http://pubs.aeaweb.org/openurl?genre=journal&stitle=jel doi: 10.1257/jel.39.2.390Radetzki, M., Eggert, R.G., Lagos, G., Lima, M., Tilton, J.E. The boom in mineral markets: How long might it last? (Open Access) (2008) Resources Policy, 33 (3), pp. 125-128. Cited 47 times. doi: 10.1016/j.resourpol.2008.05.002Rehner, J., Vergara, F. Recent effects of export activity on urban economic restructuring in Chile (Open Access) (2014) Revista de Geografia Norte Grande, 2014 (59), pp. 83-103. Cited 13 times. http://www.geo.puc.cl/html/revista.htmlSchady, N.R. Do macroeconomic crises always slow human capital accumulation? (Open Access) (2004) World Bank Economic Review, 18 (2), pp. 131-154. Cited 39 times. doi: 10.1093/wber/lhh036Singleton, K.J. Investor flows and the 2008 boom/bust in oil prices (2014) Management Science, 60 (2), pp. 300-318. Cited 262 times. http://pubsonline.informs.org/doi/pdf/10.1287/mnsc.2013.1756 doi: 10.1287/mnsc.2013.1756Willis, R.J., Rosen, S. Education and Self-selection (1979) Journal of Political Economy. Special Number Part 2: Education and Income Distribution, 87 (5), pp. ss7-s36. 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