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Seminarios académicos y conferencias

Pablo Muñoz, Berkeley-Economía

"Labor market returns to student loans"

Coautores: Alonso Bucarey y Dante Contreras

30 Mayo 2018 - 15:30 hrs.

Sala de postgrados, Facultad de Ciencias Económicas y Administrativas UC

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 lower quality of the institutions attended by loan users may account for these results.