Adult Literacy, Heterogeneity and Returns to Schooling in Chile

Patrinos, Harry Anthony ; Sakellariou, Chris

Taylor and Francis

关键词: returns on education;    education returns;    quantile regression;   

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

We examine the importance of adult functional literacy skills for individuals using a quantile regression methodology. The inclusion of the direct measure of basic skills reduces the return to schooling by 27 percent, equivalent to two additional years of schooling, while a one standard deviation increase in the score increases earnings by 20 percent. For those who are less skilled, more education contributes little to earnings; rather skills are the key to higher earnings. The non-schooling component of skill is a significant contributor to earnings, but not the component associated with years of schooling.