Do Colombian students underestimate higher education returns?

Paul Andres Rodriguez Lesmes, Luis Fernando Gamboa

Producción científica: Documento de TrabajoDocumento de trabajo


We analyze the determinants of subjective returns of higher education in Colombia. The information on expectations has been collected in categories, motivating the use of interval regression and an ordered probit approaches for modeling the relationship between beliefs and measures of ability, conditioning on individual, school and regional covariates. The results suggest that there are considerable differences in the size of the expected returns according to some population groups and a strong dominance of college against technical
education. Gender gaps disappear in college education but it is found that girls tend to believe that professional wages are more concentrated into higher income categories than boys. Finally, it seems that Colombian students overestimate the pecuniary returns to education.
Idioma originalInglés estadounidense
Lugar de publicaciónBogota
EditorialUniversidad del Rosario
Número de páginas37
EstadoPublicada - ago. 21 2014

Series de publicaciones

NombreSerie documentos de trabajo Facultad de Economía


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