Abstract

ORTIZ BENAVIDES, Edinson; CORDOBA SEGOVIA, Carlos Manuel  and  BENAVIDES, Oscar Hernando. RETURN OF EDUCATION IN THE MUNICIPALITY OF TUMACO: A cross-sectional study in 2012. Tend. [online]. 2013, vol.14, n.2, pp.55-75. ISSN 0124-8693.

The returns to education, in terms of income, is a topic that has been extensively studied by the academy since, it is assumed that there is a direct relationship between the number of years of study and the income, other than to acknowledge that education is a factor that contributes to social mobility, labor and politics, among others, of the people. Both the international and national level have been published numerous writings on the subject, however, at the regional level, the literature is scarce, which is the reason why the present work aims, on the one hand, contrasting the compliance of this hypothesis for the municipality of Tumaco (Nariño) and, on the other hand, establish whether education provides greater employment opportunities for the inhabitants of this town. To do this, with data from 220 individuals and 348 homes, taken in the year 2012 and, by applying the model of Mincer, it was possible to establish that an additional year of education increases at approximately 6.74 % the income of the Tumaco´s people. Also, that more years of education do not increase the probability of finding employment in the municipality of Tumaco.

JEL Classification: I20, J30, J60.

Keywords : Education; Employment; Income..

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