Returns to human capital in a developing country: A pseudo-panel approach for Colombia

IF 2.1 Q2 ECONOMICS

Economics & Sociology Pub Date : 2023-04-01 DOI:10.14254/2071-789x.2023/16-1/4

Jhon J. Mora, Diana Y. Herrera, Juan F. Álvarez, Jose S. Arroyo

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.

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发展中国家的人力资本回报:哥伦比亚的伪面板方法

本文分析了哥伦比亚最近的人力资本回报情况。使用伪面板方法，结果显示2016 - 2020年人力资本回报率为9.7%。与以前的数据相比，人力资本回报率下降了约5个百分点。我们的研究结果表明，与哥伦比亚其他形式的投资相比，由于正外部性，投资于哥伦比亚人力资本的重要性。此外，我们发现男性和女性之间存在统计学上的显著差异;大约2个百分点。尽管哥伦比亚的公共政策如同工同酬或提前提供同等育儿假，但仍需要一项更有效的公共政策来纠正这些差异。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics & Sociology ECONOMICS-

CiteScore

5.40

自引率

6.70%

发文量

审稿时长

24 weeks

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.