Abstract
In this paper we explore the wage returns from training in Colombia, using data from the “The Social Longitudinal Survey” between 2009 and 2010. Using the longitudinal component of the data, we control for time invariant individuals’ unobserved heterogeneity and, following Wooldridge (1995), we correct for sample selection in panel data. Our results suggest that there is a positive return from training. The magnitude of the estimates suggests an increase in wages between 7% and 9%. We find that OLS overestimate the effects of receiving training. This suggests that individuals who receive training are the ones with high unobserved skills.
Acerca de la expositora
Investigadora y coordinadora del Grupo de Análisis del Mercado Laboral (GAMLA) del Banco de la República, con doctorado en economía de la Universidad de Essex, Inglaterra. Entre sus áreas de interés están el mercado laboral, macroeconomía y economía monetaria, y economía financiera, con énfasis en economías emergentes. Sus publicaciones han aparecido en revistas como Labour Economics, International Labour Review, International Journal of Economic Theory, Applied Economics, entre otras revistas nacionales e internacionales.