Jhon J. Mora, Diana Y. Herrera, Juan F. Álvarez, Jose S. Arroyo
{"title":"Returns to human capital in a developing country: A pseudo-panel approach for Colombia","authors":"Jhon J. Mora, Diana Y. Herrera, Juan F. Álvarez, Jose S. Arroyo","doi":"10.14254/2071-789x.2023/16-1/4","DOIUrl":null,"url":null,"abstract":"This article analyzes the recent returns to human capital in Colombia. Using a pseudo-panel approach, the results show a human capital return of 9.7% from 2016 to 2020. Comparisons with previous data show a reduction of approximately 5 p.p. in return on human capital. Our results show the importance of investing in Colombia’s human capital due to the positive externalities compared to other forms of investment in Colombia. Also, we find statistically significant differences between men and women; Around 2 percentage points (p.p.). A more effective public policy is needed to correct these disparities, despite Colombia's public policies such as equal pay for equal work or advances in equal parental leave.","PeriodicalId":51663,"journal":{"name":"Economics & Sociology","volume":null,"pages":null},"PeriodicalIF":2.1000,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics & Sociology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.14254/2071-789x.2023/16-1/4","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
This article analyzes the recent returns to human capital in Colombia. Using a pseudo-panel approach, the results show a human capital return of 9.7% from 2016 to 2020. Comparisons with previous data show a reduction of approximately 5 p.p. in return on human capital. Our results show the importance of investing in Colombia’s human capital due to the positive externalities compared to other forms of investment in Colombia. Also, we find statistically significant differences between men and women; Around 2 percentage points (p.p.). A more effective public policy is needed to correct these disparities, despite Colombia's public policies such as equal pay for equal work or advances in equal parental leave.
期刊介绍：
Economics and Sociology (ISSN 2306-3459 Online, ISSN 2071-789X Print) is a quarterly international academic open access journal published by Centre of Sociological Research in co-operation with University of Szczecin (Poland), Mykolas Romeris University (Lithuania), Dubcek University of Trencín, Faculty of Social and Economic Relations, (Slovak Republic) and University of Entrepreneurship and Law, (Czech Republic). The general topical framework of our publication include (but is not limited to): advancing socio-economic analysis of societies and economies, institutions and organizations, social groups, networks and relationships.[...] We welcome articles written by professional scholars and practitioners in: economic studies and philosophy of economics, political sciences and political economy, research in history of economics and sociological phenomena, sociology and gender studies, economic and social issues of education, socio-economic and institutional issues in environmental management, business administration and management of SMEs, state governance and socio-economic implications, economic and sociological development of the NGO sector, cultural sociology, urban and rural sociology and demography, migration studies, international issues in business risk and state security, economics of welfare.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
