Sheepskin effects and screening in Colombia

This article uses the Hungerford and Solon Test [1987] for calculating the sheepskin effect of returns from the education in Colombian labour market in 2000. It was found that the secondary school graduates enjoyed 13% returns whilst a university degree led to 17% returns. The Hungerford and Solon Test [1987], applied to a quantile regression, found returns ranging from 7% to 17% for secondary school graduates (across the entire income range) whilst a university degree produced returns between 17% and 27%.