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Education and the labor market in Venezuela, 1975-1984 (anglais)

This paper examines a number of education-related aspects of Venezuela's labor market in the 1975-84 period using a sample of 40,000 workers from the National Household Survey. The findings indicate that the returns to schooling have declined by only 2 percentage points in a decade of rapid educational expansion. In addition, the returns to education estimated on the basis of earnings of those in the competitive sectors of the economy (private sector...
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