Educación técnica y tecnológica para la reducción de la desigualdad salarial y la pobreza

• Main Author: Iván Bornacelly
• Format: Article
• Language: English
• Published: Universidad de los Andes (Bogotá) 2013-06-01
• Series: Desarrollo y Sociedad
• Subjects: Technical education; non-university tertiary education; wage differentials; poverty; premium.
• Online Access: http://economia.uniandes.edu.co/investigaciones_y_publicaciones/CEDE/Publicaciones/Revista_Desarrollo_y_Sociedad/Ediciones/Revista_Desarrollo_y_Sociedad_No._71/Educacion_tecnica_y_tecnologica_para_la_reduccion_de_la_desigualdad_salarial_y_la_pobreza

Non-university tertiary education (ESNU for its acronym in Spanish), comprising technical and technological programs, may be a policy option to reduce the wage gap, and avoid wealth concentration. Using pool type estimates of the Mincer equation for the years 2007-2011 and breaking down income by factor components, taking as input the income equation, we find that the technical and technological education has a premium higher than secondary education of 19.5%. In addition, the growth rate of this premium between 2007 and 2011 was higher 0.4% than college education. Likewise, ESNU increases the probability of employment when compared to having no degree or having college education by 1.7% and 0.2% respectively. This type of education mainly benefits women, youth and the population in the lower socioeconomic strata.