Labor market returns to student loans
| Author | dc.contributor.author | Bucarey, Alonso | |
| Author | dc.contributor.author | Contreras Guajardo, Dante | |
| Author | dc.contributor.author | Muñoz, Pablo | |
| Admission date | dc.date.accessioned | 2018-09-03T16:06:33Z | |
| Available date | dc.date.available | 2018-09-03T16:06:33Z | |
| Publication date | dc.date.issued | 2018 | |
| Cita de ítem | dc.identifier.citation | Series Documentos de Trabajo No. 464, pp. 1 - 48, Mayo, 2018 | es_ES |
| Identifier | dc.identifier.uri | https://repositorio.uchile.cl/handle/2250/151441 | |
| Abstract | dc.description.abstract | This paper studies the labor market returns to a state guaranteed loan (SGL) used to finance university degrees. Using administrative data from Chile and a regression discontinuity design, we show that nine years after high school graduation students who enrolled at a university thanks to the SGL attended it for 5 years, foregoing 3 years of vocational education and accumulating additional 14 thousand dollars in student debt. Strikingly, these students do not benefit in terms wages, employment, type of contract, or type of employer. The low quality of institutions attended by loan users may account for these results. | es_ES |
| Patrocinador | dc.description.sponsorship | Our thanks to Heidi Berner, Amanda Dawes, Cristian Labra, Isidora Palma, Javiera Troncoso, and the Ministerio de Desarrollo Social of Chile for their help accessing the data. The views expressed here are those of the authors and do not reflect the views of the Ministerio de Desarrollo Social. We also thank Nikhil Agarwal, Daron Acemoglu, Joshua Angrist, David Card, Seth Zimmerman, Parag Pathak, and MIT Labor field lunch for their useful suggestions. Carlos Guastavino provided excellent research assistance. Alonso Bucarey thanks the financial support of the National Academy of Education/Spencer Dissertation Fellowship and the George P. and Obie B. Shultz Fund. Dante Contreras acknowledges the financial support provided by the Centre for Social Conflict and Cohesion Studies (CONICYT/FONDAP/15130009). | es_ES |
| Lenguage | dc.language.iso | en | es_ES |
| Publisher | dc.publisher | Universidad de Chile. Facultad de Economía y Negocios | es_ES |
| Type of license | dc.rights | Attribution-NonCommercial-NoDerivs 3.0 Chile | * |
| Link to License | dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ | * |
| Source | dc.source | Series Documentos de Trabajo | es_ES |
| Título | dc.title | Labor market returns to student loans | es_ES |
| Document type | dc.type | Documento de trabajo | |
| Cataloguer | uchile.catalogador | rca | es_ES |
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Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile