Wage Returns to Colombia: a Quantile Analysis

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Cristian Dario Castillo Robayo http://orcid.org/0000-0001-7569-1860
Julimar Da Silva Bichara
Manuel Pérez Trujillo


This article examines the wage returns of young people and adults, considering the effect of education and experience. It is taken into account, especially, the point of view of human capital theory and its criticisms, to evaluate the relationship between education, experience and salary. The empirical analysis is based on the Mincer model, but through quantile regressions, to determine by 10 quantiles in each group as wage returns are given. It is verified that for young people there is greater impact of acquire experience than education on the wage returns, which affects labor insertion and obtaining higher income.


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