THE VALUE OF HIGH SCHOOL: THE IMPACT OF SCHOOLING ON INCOME AND LABOR MARKET INSERTION

There is some consensus that school education is central for the socioeconomic development of a country. Thus, the purpose of this paper is to evaluate the effect of secondary education on labor market insertion, analyzing the income and the different types of occupation of individuals with secondary education and those with only elementary education. In addition to a descriptive analysis, the paper employs multiple regression to understand the relationship between the level of education and the average income, evaluating the effect of secondary education using other variables as controls (e.g., such as sex and age). The data comes from the Continuous Household National Sample Survey (Pesquisa Nacional por Amostra de Domicilios Continua - PNADC), second quarter of 2017, and the analysis was done in the Python programming language. Individuals with secondary education tend to have higher incomes than those with only elementary education (the additional amount varying between R$206 and R$391 according to different models). In addition, the effect of secondary education varies by age and sex, with women tending to have lower incomes than men.