This study explores the relationship between education and wages in Mexico. It contributes to our understanding of the structure of wages, helping explain individuals’ choices concerning education level. First, we estimate the age-earnings functions for each level of education. Then, taking...

In this paper the economic return to formal education in Chile is estimated. The construction of an earnings-profile for each educational level is a basic ingredient in the computation of the rate of return. The paper uses a much larger sample than previo