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...

This article uses the Hungerford and Solon Test [1987] for calculating the sheepskin effect of returns from education in the Colombian labour market in 2000. It was found that secondary school graduates enjoyed 13% returns whilst a university degree led to 17% returns. The Hungerford and Solon...