Endogeneity of rate of return to education in Mexico
DOI:
https://doi.org/10.18504/pl2651-011-2018Keywords:
Educational performance, salaries, endogeneity, human capital, Mexico.Abstract
The returns to education consist of wage increases for workers due to the raise in their years of schooling. In this paper we estimate the evolution of these in Mexico from 1995 to 2012 using three different methods. Our results show in average that an increase of one year of schooling raises wages by 9% during the study period. We also find that these returns increase with years of schooling, and women get the higher returns, highlighting finally that there is a decline in these during the period analyzed.
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