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ERIC Number: EJ944386
Record Type: Journal
Publication Date: 2011-Dec
Pages: 22
Abstractor: As Provided
ISSN: ISSN-0272-7757
Are Returns to Education on the Decline in Venezuela and Does Mission Sucre Have a Role to Play?
Gonzalez, Naihobe; Oyelere, Ruth Uwaifo
Economics of Education Review, v30 n6 p1348-1369 Dec 2011
Anecdotal evidence points to a falling standard of living for the educated in Venezuela. During this same period, President Hugo Chavez implemented several education reforms. We focus on a major university education reform known as Mission Sucre and its potential impact on returns to university education. First, we show that returns to education decreased significantly in Venezuela from 2002 to 2008. Subsequently, we explore the impact of the program on non-program participants and provide evidence that a substantial part of the falling returns at the tertiary level can be linked to Mission Sucre. Our results suggest that the reform created a negative externality on students who did not participate in the program, leading to a 2.7 percentage point decline in returns to university education for non-Mission Sucre students in the 23-28 age cohort. (Contains 11 tables and 3 figures.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Venezuela