Human capital agglomeration and social returns to education in Colombia

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dc.coverage.sucursalBogotáspa
dc.creatorArango-Thomas, Luis Eduardo
dc.creatorBonilla, Gabriela
dc.creator.firmaLuis E. Arango
dc.date.accessioned2015-05-07T08:30:10Zeng
dc.date.available2015-05-07T08:30:10Zspa
dc.date.created2015-05-07spa
dc.date.issued2015-05-07spa
dc.description.abstractWe provide evidence of private returns to education and of externalities which jointly render social returns to education in Colombia. The spillover is generated by the share of college-educated workers within the working-age population. Thus, the higher this share in the cities, the higher the wages. The size of the externality is about 1.13; that is, an increase of one percentage point in the share will increase wages by 1.13%. For mid-to-high and high educated workers the externality is about 1.07 and 1.3 while for low educated workers it is 0.92,. The public policy program instituted by the agency in charge of promoting undergraduate and graduate education has contributed to increase wages all over the country but mainly in cities different from Bogotá. A positive correlation between the size of cities and human capital agglomeration is also observed; as a result, the size of cities also has predictive power on the externality.eng
dc.format.mimetypePDFspa
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/6172spa
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/6172spa
dc.language.isospaspa
dc.publisherBanco de la Repúblicaspa
dc.relation.doihttps://doi.org/10.32468/be.883spa
dc.relation.dotechttps://ideas.repec.org/p/col/000094/012788.htmlspa
dc.relation.ispartofDocumentos de Trabajospa
dc.relation.ispartofseriesBorradores de Economíaspa
dc.relation.isversionofBorradores de Economía; No. 883spa
dc.relation.numberBorrador 883spa
dc.relation.repechttps://ideas.repec.org/p/bdr/borrec/883.htmlspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0eng
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.source.handleRepecRePEc:col:000094:012788spa
dc.subject.jelJ3 - Wages, Compensation, and Labor Costseng
dc.subject.jelJ2 - Demand and Supply of Laboreng
dc.subject.jelspaJ2 - Oferta y demanda de trabajospa
dc.subject.jelspaJ3 - Salarios, remuneraciones y costes laboralesspa
dc.subject.keywordHuman capital agglomerationeng
dc.subject.keywordSocial returnseng
dc.subject.keywordPrivate returnseng
dc.subject.keywordExternalitieseng
dc.subject.lembCapital humano -- Colombiaspa
dc.subject.lembSalarios -- Colombiaspa
dc.subject.lembConcentración de capital humano -- Colombiaspa
dc.subject.lembEducación superior -- Colombiaspa
dc.subject.lembMercado laboral -- Colombiaspa
dc.subject.lembCrédito educativo -- Colombiaspa
dc.titleHuman capital agglomeration and social returns to education in Colombiaspa
dc.typeWorking Papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de trabajospa

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