Determinación de la rentabilidad social y privada de la educación en el Ecuador para el año 2012 mediante conglomerados jerárquicos

Abstract

Education is an important tool against poverty in underdeveloped countries and to have a well-educated society is definitely a good sign of prosperity and quality of life. The Spillover effect allows us to demonstrate monetary externalities that can be acquired by coexisting with a group of well-educated people that is to say by a pay gap between an average educated person and a well-educated person. The social and private Profit of Education is a research done by micro data. First of all, a conglomeration of people is built by an index of quality of life, so that they are as homogeneous intragroup and intergroup heterogeneous, and using ordinary least squares (OLS) can estimate social profit using investment variables in human capital stock from each cluster. Many studies show the existence of nesting people, in this investigation, workers nested within clusters, i.e. there is a hierarchy in the group decision-making on the individual. The Education profit is decomposed into private profit and monetary externalities, for which variables of human capital investment are used on a conglomeration and in an individual, also the Mills inverted is used to correct the selection; the estimation is done by a hierarchical regression model which is ideal for capturing the influence that a conglomeration has on an individual.