A decomposition method to evaluate the `paradox of progress' with evidence for Argentina

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Tác giả: Javier Alejo, Leonardo Gasparini, Gabriel Montes-Rojas, Walter Sosa-Escudero

Ngôn ngữ: eng

Ký hiệu phân loại: 278.2 Christianity in South America Christian church in South

Thông tin xuất bản: 2021

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 168327

Comment: 29 pages, 2 figures, 2 tablesThe `paradox of progress' is an empirical regularity that associates more education with larger income inequality. Two driving and competing factors behind this phenomenon are the convexity of the `Mincer equation' (that links wages and education) and the heterogeneity in its returns, as captured by quantile regressions. We propose a joint least-squares and quantile regression statistical framework to derive a decomposition in order to evaluate the relative contribution of each explanation. The estimators are based on the `functional derivative' approach. We apply the proposed decomposition strategy to the case of Argentina 1992 to 2015.
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