Double penalty in returns to education: Informality and educational mismatch in the Colombian labour market

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...

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Bibliographic Details
Published in:The Journal of development studies 2015-12, Vol.51 (12), p.1683-1701
Main Authors: Herrera-Idarraga, Paula, Lopez-Bazo, Enrique, Motellon, Elisabet
Format: Article
Language:English
Subjects:
Beschäftigungssystem
Bildungsertrag
brecha salarial
Colombia
desajust educatiu
desajuste educativo
desarrollo económico
desenvolupament econòmic
Developing countries
diferència salarial
economic development
Education
educational mismatch
empleo formal/informal
Employment
feina formal/informal
formal/informal employment
Informal education
Kolumbien
Labor market
Labour market
LDCs
Lohnstruktur
Matching
Mercado de trabajo
Mercat de treball
Schwarzarbeit
wage gap
Workers
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Summary: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.
ISSN:1743-9140
0022-0388
1743-9140
DOI:10.1080/00220388.2015.1041516