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Export Shocks and the Volatility of Returns to Schooling : Evidence from Twelve Latin American Economies

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dc.contributor.authorRojas, Diego
dc.contributor.authorLederman, Daniel
dc.date.accessioned2015-01-07T21:30:38Z
dc.date.available2015-01-07T21:30:38Z
dc.date.issued2014-12
dc.description.abstractThis paper builds on previous studies to uncover evidence suggesting that cyclical fluctuations in returns to schooling are determined by fluctuations in foreign demand, which tend to be positively correlated with returns to schooling. The effect of export fluctuations (driven by changes in foreign demand) seems to be attenuated by labor market rigidities, such as constraints on employers to hire temporary workers on an hourly basis. This evidence suggests that countries that have flexible labor markets and experience volatility in their external demand might also experience volatility in returns to schooling. The paper discusses why this might be a concern for developing countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/23108783/export-shocks-volatility-returns-schooling-evidence-twelve-latin-american-economies
dc.identifier.doi10.1596/1813-9450-7144
dc.identifier.urihttps://hdl.handle.net/10986/21138
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7144
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGGREGATE UNEMPLOYMENT
dc.subjectATTRITION
dc.subjectAVERAGE WAGE
dc.subjectBILATERAL TRADE
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INVESTMENTS
dc.subjectCOLLECTIVE AGREEMENTS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCOUNTRY FIXED EFFECTS
dc.subjectCOUNTRY TO COUNTRY
dc.subjectCRISES
dc.subjectDEBT
dc.subjectDEPOSIT
dc.subjectDEPOSIT RATE
dc.subjectDEPOSIT RATES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDRIVERS
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMETRICS
dc.subjectECONOMIC BOOM
dc.subjectECONOMIC FLUCTUATIONS
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC STATISTICS
dc.subjectECONOMIC VOLATILITY
dc.subjectECONOMICS LITERATURE
dc.subjectECONOMICS OF EDUCATION
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEDUCATIONAL LEVEL
dc.subjectEMPLOYMENT
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SHOCK
dc.subjectFINANCIAL SHOCKS
dc.subjectFIRM LEVEL
dc.subjectFLEXIBLE LABOR MARKETS
dc.subjectFOREIGN DEBT
dc.subjectGDP
dc.subjectGLOBALIZATION
dc.subjectHOURLY WAGE
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCES
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITY
dc.subjectINCOME VOLATILITY
dc.subjectINFLATION
dc.subjectINFORMAL SECTOR
dc.subjectINFORMATION SYSTEM
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL LABOUR ORGANIZATION
dc.subjectINTERNATIONAL TRADE
dc.subjectJOB EXPERIENCE
dc.subjectJOBS
dc.subjectLABOR DEMAND
dc.subjectLABOR ECONOMICS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET FLEXIBILITY
dc.subjectLABOR MARKET RIGIDITIES
dc.subjectLABOR MARKET RIGIDITY
dc.subjectLABOR MARKETS
dc.subjectLABOR SUPPLY
dc.subjectLABOUR
dc.subjectLENDING INTEREST RATE
dc.subjectLONG-TERM COSTS
dc.subjectMACROECONOMIC CRISES
dc.subjectMALE WORKERS
dc.subjectMARKET INDEXES
dc.subjectMINIMUM WAGE
dc.subjectMONETARY FUND
dc.subjectNATIONAL INCOME
dc.subjectOCCUPATIONS
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectPENSION
dc.subjectPOLITICAL ECONOMY
dc.subjectPRELIMINARY EVIDENCE
dc.subjectPRELIMINARY RESULTS
dc.subjectPREVIOUS STUDIES
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC POLICY
dc.subjectRATE OF RETURN
dc.subjectRATES OF RETURN
dc.subjectRATES OF RETURNS
dc.subjectREAL WAGES
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL UNEMPLOYMENT
dc.subjectRETIREMENT
dc.subjectRETIREMENT AGE
dc.subjectRETURNS
dc.subjectSALARIED WORKERS
dc.subjectSKILL PREMIUM
dc.subjectSKILL PREMIUMS
dc.subjectSKILLED LABOR
dc.subjectSTABLE JOB
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTEMPORARY WORKERS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICY
dc.subjectTRADE REFORMS
dc.subjectTRADING
dc.subjectTRUST FUND
dc.subjectTURNOVER
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYED WORKERS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectUNSKILLED LABOR
dc.subjectUNSKILLED WORKERS
dc.subjectWAGE DIFFERENTIAL
dc.subjectWAGE DIFFERENTIALS
dc.subjectWAGE GAP
dc.subjectWAGE INEQUALITY
dc.subjectWAGE PREMIUM
dc.subjectWEALTH
dc.subjectWORKER
dc.subjectWORKING HOURS
dc.subjectWTO
dc.subjectYOUNG WORKERS
dc.titleExport Shocks and the Volatility of Returns to Schooling : Evidence from Twelve Latin American Economiesen
dspace.entity.typePublication
okr.crossref.titleExport Shocks and the Volatility of Returns to Schooling: Evidence from Twelve Latin American Economies
okr.date.disclosure2014-12-31
okr.date.doiregistration2025-04-10T10:32:15.165103Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/12/23108783/export-shocks-volatility-returns-schooling-evidence-twelve-latin-american-economies
okr.globalpracticeEducation
okr.globalpracticeSocial Protection and Labor
okr.guid363291468047651648
okr.identifier.doi10.1596/1813-9450-7144
okr.identifier.externaldocumentum000158349_20141228205153
okr.identifier.internaldocumentum23108783
okr.identifier.reportWPS7144
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/28/000158349_20141228205153/Rendered/PDF/WPS7144.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalLatin America
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.topicEconomic Theory and Research
okr.topicSocial Protections and Labor::Labor Markets
okr.topicMacroeconomics and Economic Growth
okr.unitOffice of the Chief Economist, Latin America and the Caribbean Region
relation.isAuthorOfPublication2c812f70-403a-5905-88e4-bd90a5f31e96
relation.isAuthorOfPublication.latestForDiscovery2c812f70-403a-5905-88e4-bd90a5f31e96
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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