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Double Penalty in Returns to Education: Informality and Educational Mismatch in the Colombian Labour market
Herrera-Idárraga, Paula; López-Bazo, Enrique; Motellón Corral, Elisabet
This paper examines the returns to education taking into consideration the existence of educational mismatches in the formal and informal employment of a developing country. Results show that the returns of surplus, required and deficit years of schooling are different in the two sectors. Moreover, they suggest that these returns vary along the wage distribution, and that the pattern of variation differs for formal and informal workers. In particular, informal workers face not only lower returns to their education, but suffer a second penalty associated with educational mismatches that puts them at a greater disadvantage compare to their formal counterparts.
Mercat de treball
Recursos humans
Igualtat retributiva
Desenvolupament econòmic
Colòmbia
Labor market
Human capital
Pay equity
Economic development
Colombia
cc-by-nc-nd, (c) Herrera-Idárraga et al., 2013
http://creativecommons.org/licenses/by-nc-nd/3.0/
Document de treball
Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
         

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