Human capital agglomeration and social returns to education in Colombia
dc.coverage.sucursal | Bogotá | spa |
dc.creator | Arango, Luis E. | |
dc.creator | Bonilla, Gabriela | |
dc.creator.firma | Luis E. Arango | |
dc.date.accessioned | 2015-05-07T08:30:10Z | eng |
dc.date.available | 2015-05-07T08:30:10Z | spa |
dc.date.created | 2015-05-07 | spa |
dc.date.issued | 2015-05-07 | spa |
dc.description.abstract | We 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.mimetype | spa | |
dc.identifier.handle | https://hdl.handle.net/20.500.12134/6172 | spa |
dc.identifier.uri | https://repositorio.banrep.gov.co/handle/20.500.12134/6172 | spa |
dc.language.iso | spa | spa |
dc.publisher | Banco de la República | spa |
dc.relation.doi | https://doi.org/10.32468/be.883 | spa |
dc.relation.dotec | https://ideas.repec.org/p/col/000094/012788.html | spa |
dc.relation.ispartof | Documentos de Trabajo | spa |
dc.relation.ispartofseries | Borradores de Economía | spa |
dc.relation.isversionof | Borradores de Economía; No. 883 | spa |
dc.relation.number | Borrador 883 | spa |
dc.relation.repec | https://ideas.repec.org/p/bdr/borrec/883.html | spa |
dc.rights.accessRights | Open Access | eng |
dc.rights.cc | Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 | eng |
dc.rights.disclaimer | Las 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.spa | Acceso abierto | spa |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/ | eng |
dc.source.handleRepec | RePEc:col:000094:012788 | spa |
dc.subject.jel | J3 - Wages, Compensation, and Labor Costs | eng |
dc.subject.jel | J2 - Demand and Supply of Labor | eng |
dc.subject.jelspa | J2 - Oferta y demanda de trabajo | spa |
dc.subject.jelspa | J3 - Salarios, remuneraciones y costes laborales | spa |
dc.subject.keyword | Human capital agglomeration | eng |
dc.subject.keyword | Social returns | eng |
dc.subject.keyword | Private returns | eng |
dc.subject.keyword | Externalities | eng |
dc.subject.lemb | Capital humano -- Colombia | spa |
dc.subject.lemb | Salarios -- Colombia | spa |
dc.subject.lemb | Concentración de capital humano -- Colombia | spa |
dc.subject.lemb | Educación superior -- Colombia | spa |
dc.subject.lemb | Mercado laboral -- Colombia | spa |
dc.subject.lemb | Crédito educativo -- Colombia | spa |
dc.title | Human capital agglomeration and social returns to education in Colombia | spa |
dc.type | Working Paper | eng |
dc.type.hasversion | Published Version | eng |
dc.type.spa | Documentos de trabajo | spa |
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