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Title: Double penalty in returns to education: informality and educational mismatch in the Colombian labour market
Author: Herrera Idárraga, Paula
López Bazo, Enrique
Motellón Corral, Elisabet  
Others: Pontificia Universidad Javeriana
Universitat de Barcelona
Universitat Oberta de Catalunya (UOC)
Keywords: educational mismatch
formal/informal employment
economic development
wage gap
Issue Date: 8-Oct-2015
Publisher: Journal of Development Studies
Citation: Herrera-Idárraga, P., López-Bazo, E. & Motellón, E. (2015). Double penalty in returns to education: informality and educational mismatch in the Colombian labour market. Journal of Development Studies, 51(12), 1683-1701. doi: 10.1080/00220388.2015.1041516
Project identifier: info:eu-repo/grantAgreement/ECO2011-30260-C03-03
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Abstract: This article 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.
Language: English
ISSN: 0022-0388MIAR

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