Abstract

ORTIZ BENAVIDES, Edinson; ERAZO, Iván Freddy  and  BURGOS, Marco Antonio. EDUCATION EMPLOYMENT AND INCOME IN THE MUNICIPALITY OF PASTO: A PANEL DATA STUDY 2008-2010. Tend. [online]. 2015, vol.16, n.1, pp.13-33. ISSN 0124-8693.  https://doi.org/10.22267/rtend.151601.30.

Education is the foundation that gives support growth and economic development of a country and is very closely related to employment and income of individuals. For many theoretical education is a good investment that increases the probability that an individual is rewarded with higher incomes and get better jobs. Both international and national levels have been published numerous writings on the subject however, regional literature is scarce, which is why, this paper aims, first, to contrast the performance of this hypothesis for the Municipality Pasto (Nariño) and, secondly, to establish whether education provides greater employment opportunities for the people of this town. To do this, using data from 4,797 individuals and 1,123 households, taken in the years 2008 to 2010, applying the Mincer model, it was established that an additional year of education increases by approximately 5.11% income Pasto. Similarly, an additional year of education increases by 3.5% the probability of finding employment in the municipality of Pasto.

Keywords : Education; Employment; Income.