In the last few years, significant amount of research has produced evidence in support of the signaling, credential or "sheepskin" effects in rates of return to schooling for studies of the developed as well as developing countries. An example of the former is the seminal empirical work by...

Globalization has both costs and benefits. In this paper we would focus upon one of the damages of globalization to China. It is said that inward FDI replaces local domestic capabilities in import-substitution countries. In the case of China the Chinese domestic industries are lacking...

This research is about the returns of education in Guatemala, based on the theory of human capital and the model of Mincer, which is the most used for this type of studies with the objective of comparing the returns of the years 2002 and 2018. The database used in the estimates, using ordinary...

We estimate the effect of the 1999 education reform in Poland on employment and earnings. The 1999 education reform in Poland replaced the previous 8 years of general and 3/4/5 years of tracked secondary education with 9 years of general and 3/3/4 years of tracked upper-secondary education. The...

The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes that all actions are in line with a well-structured and unbiased system of expectations. In reality, justification and identification of expectations are nontrivial, and we lack empirical...

We estimate the wage return of the different university-level educational credentials in Argentina using administrative data for 2019. The results indicate sizeable variability according to the hierarchy of the degree and area of knowledge. Applied Sciences obtain the best results, while the...