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Table 1 Changes in the wage premium and the relative supply and demand for skilled–unskilled workers assuming alternative values for elasticity σSU.

From: Educational upgrading and returns to skills in Latin America: evidence from a supply–demand framework

Country

Skilled–unskilled

Wage premium

Relative supply

Relative demand (σSU= 2)

Relative demand (σSU= 3)

Relative demand (σSU= 4)

1990s

2000s

2010s

1990s

2000s

2010s

1990s

2000s

2010s

1990s

2000s

2010s

1990s

2000s

2010s

Argentina

2.5

− 3.5

− 1.3

4.8

2.9

2.1

9.9

− 4.2

− 0.4

12.4

− 7.7

− 1.7

15.0

− 11.2

− 3.0

Bolivia

− 6.9

− 1.1

3.7

5.3

− 10.1

3.1

− 17.0

2.0

− 23.8

0.9

Brazil

0.7

− 5.0

− 0.6

1.9

5.5

1.1

3.2

− 4.4

0.0

3.9

− 9.4

− 0.6

4.6

− 14.4

− 1.1

Chile

0.5

− 2.5

− 2.1

3.2

1.3

3.8

4.2

− 3.7

− 0.5

4.6

− 6.2

− 2.6

5.1

− 8.7

− 4.8

Colombia

2.5

− 1.1

− 1.6

4.4

4.6

5.4

9.4

2.5

2.3

11.8

1.5

0.7

14.3

0.4

− 0.8

Costa Rica

0.7

− 0.5

− 2.3

4.7

3.3

3.8

6.2

2.4

− 0.7

6.9

1.9

− 3.0

7.7

1.5

− 5.2

Ecuador

− 4.4

− 3.0

3.1

2.0

− 5.6

− 3.9

− 9.9

− 6.9

− 14.3

− 9.8

Honduras

0.0

− 1.9

0.6

2.5

2.4

7.9

2.6

− 1.4

9.2

2.7

− 3.3

9.8

2.7

− 5.2

10.5

Mexico

1.8

− 2.8

0.4

3.7

2.2

0.7

7.3

− 3.5

1.6

9.2

− 6.3

2.0

11.0

− 9.1

2.4

Nicaragua

3.5

− 6.7

4.5

5.4

11.4

− 8.0

14.9

− 14.7

18.4

− 21.4

− 

Panama

0.7

− 3.3

− 0.9

2.6

2.0

4.1

4.1

− 4.5

2.4

4.8

− 7.8

1.5

5.6

− 11.0

0.6

Paraguay

1.2

− 5.6

− 1.1

5.4

6.1

2.9

7.7

− 5.1

0.6

8.9

− 10.8

− 0.5

10.0

− 16.4

− 1.6

Peru

1.8

− 2.3

− 1.9

1.1

3.6

3.9

4.6

− 1.0

0.1

6.3

− 3.4

− 1.8

8.1

− 5.7

− 3.7

El Salvador

1.7

0.6

− 1.1

3.5

0.3

1.7

7.0

1.5

− 0.5

8.7

2.1

− 1.5

10.5

2.7

− 2.6

Uruguay

3.4

− 0.2

− 3.1

0.6

2.2

0.5

7.5

1.8

− 5.7

10.9

1.6

− 8.7

14.3

1.4

− 11.8

Venezuela

1.1

− 4.8

− 2.2

3.9

4.7

8.4

6.2

− 5.0

4.1

7.3

− 9.8

2.0

8.5

− 14.7

− 0.2

Mean

1.6

− 3.2

− 1.4

3.3

3.3

3.6

6.5

− 3.0

0.8

8.1

− 6.2

− 0.6

9.7

− 9.4

− 2.0

Mean 9 countries

1.3

− 2.7

− 1.3

3.1

2.9

3.6

5.7

− 2.5

1.1

7.0

− 5.2

− 0.1

8.3

− 7.9

− 1.4

Mean 12 countries

1.4

− 2.5

− 1.3

3.4

3.1

3.5

6.3

− 2.0

1.0

7.7

− 4.5

− 0.2

9.1

− 7.1

− 1.5

  1. Annual log changes multiplied by 100. Household surveys used for each country: Argentina: 1992, 2000, 2009, 2013; Bolivia: 2001, 2009, 2012; Brazil: 1993, 2002, 2009, 2013; Chile: 1990, 2000, 2006, 2013; Colombia: 1996, 2001, 2008, 2013; Costa Rica: 1992, 2002, 2008, 2013; Ecuador: 2003, 2009, 2012; Honduras: 1993, 2003, 2009, 2013; Mexico: 1989, 2000, 2008, 2012; Nicaragua: 1993, 2001, 2009; Panama: 1992, 2002, 2009, 2013; Paraguay: 1995, 2003, 2009, 2013; Peru: 1997, 2002, 2009, 2013; El Salvador: 1995, 2002, 2009, 2013; 1992, 2002, 2009, 2013. Venezuela: 1995, 2002, 2008, 2011