Manacorda, MarcoSanchez-Paramo, CarolinaSchady, Norbert2012-03-302012-03-302010Industrial and Labor Relations Review00197939https://hdl.handle.net/10986/4741Using micro data for the urban areas of Argentina, Brazil, Chile, Colombia, and Mexico, the authors document trends in men's returns to education during the 1980s and the 1990s and estimate the role of supply and demand factors in explaining the changes in skill premia. They propose a model of demand for skills with three production inputs, corresponding to workers with primary-, secondary-, and university-level education. Further, the authors demonstrate that an unprecedented rise in the supply of workers having completed secondary-level education depressed their wages relative to workers with primary-level education throughout Latin America. This supply shift was compounded by a generalized shift in the demand for workers with tertiary education.ENAnalysis of Education I210Human CapitalSkillsOccupational ChoiceLabor Productivity J240Wage Level and StructureWage Differentials J310Economic Development: Human ResourcesHuman DevelopmentIncome DistributionMigration O150Journal ArticleWorld Bank