Seminario Economía PUJ - LF Gamboa (U Tadeo) - Miércoles 26 de Septiembre: 12:30pm - Sala de consejo , Edificio Jorge Hoyos

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Hector Galindo Silva

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Sep 26, 2018, 3:22:12 AM9/26/18

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Seminario de hoy Departamento de Economía PUJ

Miércoles 26 de Septiembre

Sala de consejo (piso 9), Edificio Jorge Hoyos

12:30-2:00pm

Luis Fernado Gamboa (Universidad Jorge Tadeo Lozano)

''Liquidity constraints, Opportunity Cost and Post- Secondary education: Evidence from Colombia''

Abstract:

The purpose of this document is to assess the importance of the opportunity cost for students of post-secondary vocational education. Therefore, we exploit the information of a National Program known as "Jóvenes en Acción, JeA" which was designed for encouraging enrollment and labor participation in students from low -income households in Colombia during 2014-2015. Most of the beneficiaries of this program attend to SENA courses (one and two year) and seats are allocated by using two discontinuities, one related to a poverty index and other related to individual ability, that allows to measure the importance of providing financial aid to engage in tertiary education through a Regression Discontinuity Design. We use intermediate outcomes (enrollment and certification at SENA) and labor participation outcomes (probability of being employed and duration of employment) . Our results suggest that financial aid has heterogenous effects in labor outcomes and provide some insights about the importance of the opportunity cost of studying instead of working

Hector Galindo Silva

Assistant Professor in Economics

Pontificia Universidad Javeriana

Website: https://sites.google.com/site/hectorgalindosilva/home

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