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 empiri...
| Main Authors: | , , |
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2017
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/5830 |
| _version_ | 1801705956941234176 |
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| author | Castillo Robayo, Cristian Dario Da Silva Bichara, Julimar Pérez Trujillo, Manuel |
| author_facet | Castillo Robayo, Cristian Dario Da Silva Bichara, Julimar Pérez Trujillo, Manuel |
| author_sort | Castillo Robayo, Cristian Dario |
| collection | OJS |
| description | 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. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-5830 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2017 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-58302022-06-17T21:34:36Z Wage Returns to Colombia: a Quantile Analysis Retornos salariales para Colombia, un análisis cuantílico Castillo Robayo, Cristian Dario Da Silva Bichara, Julimar Pérez Trujillo, Manuel wage return human capital quantile regression education experience retorno salarial capital humano regresión cuantilica educación experiencia. 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. Este artículo analiza los retornos salariales de los jóvenes y adultos, comparando la influencia de la educación y la experiencia. Se examina principalmente la teoría del capital humano y las críticas a esta, a través del estudio de la relación entre educación, experiencia y salarios. El análisis empírico se base en el modelo de Mincer, pero mediante las regresiones cuantílicas, para determinar, por 10 cuantiles en cada grupo, cómo se dan los retornos salariales. Se comprueba que para los jóvenes hay mayor impacto de adquirir experiencia que la educación sobre los retornos salariales, lo que afecta la inserción laboral y el obtener mayores ingresos laborales. Universidad Pedagógica y Tecnológica de Colombia 2017-02-10 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf application/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/5830 10.19053/01203053.v36.n63.2017.5830 Apuntes del Cenes; Vol. 36 No. 63 (2017); 211-246 Apuntes del Cenes; Vol. 36 Núm. 63 (2017); 211-246 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/5830/4739 https://revistas.uptc.edu.co/index.php/cenes/article/view/5830/6671 Copyright (c) 2017 Cristian Dario Castillo Robayo, Julimar Da Silva Bichara, Manuel Pérez Trujillo http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | wage return human capital quantile regression education experience retorno salarial capital humano regresión cuantilica educación experiencia. Castillo Robayo, Cristian Dario Da Silva Bichara, Julimar Pérez Trujillo, Manuel Wage Returns to Colombia: a Quantile Analysis |
| title | Wage Returns to Colombia: a Quantile Analysis |
| title_alt | Retornos salariales para Colombia, un análisis cuantílico |
| title_full | Wage Returns to Colombia: a Quantile Analysis |
| title_fullStr | Wage Returns to Colombia: a Quantile Analysis |
| title_full_unstemmed | Wage Returns to Colombia: a Quantile Analysis |
| title_short | Wage Returns to Colombia: a Quantile Analysis |
| title_sort | wage returns to colombia a quantile analysis |
| topic | wage return human capital quantile regression education experience retorno salarial capital humano regresión cuantilica educación experiencia. |
| topic_facet | wage return human capital quantile regression education experience retorno salarial capital humano regresión cuantilica educación experiencia. |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/5830 |
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