Peer-Reviewed Publications

Binelli, Chiara. 2015. “How the Wage-Education Profile Got More Convex: Evidence from Mexico”. Forthcoming B.E. Journal of Macroeconomics

Abstract: In the 1990s, in many countries, wages became a more convex function of education: returns to college increased and returns to intermediate education declined. This paper argues that an important cause of this convexification was an exogenous increase in the demand for skilled labour: the increased demand stimulated a supply response, and the supply of intermediate-educated workers further increased the demand for college-educated workers because these two types of labour are complementary. This argument is supported by an empirical equilibrium model of savings and educational choices for Mexico, where the degree of convexification was amplified by loosening credit constraints.

Binelli, Chiara and Marta Rubio-Codina. 2013. “The Returns to Private Education: Evidence from Mexico”. Economics of Education Review, Vol. 36, pp. 198–215.

Abstract: Despite the rapid expansion and increasing importance of private education in developing countries, little is known on the impact of studying in private schools on education and wages. This paper contributes to filling this gap by estimating the returns to private high schools in Mexico. We construct a unique data set that combines labour market outcomes and historical census data, and we exploit changes in the availability and size of public and private high schools across states and over time for identification. We find that attending a private high school does not affect school progression to college nor high school wages but it does positively affect wages conditional on college completion. Results are robust to a number of robustness tests on the validity of the instruments.

Binelli, Chiara and Orazio Attanasio. 2010. “Mexico in the 1990s: the Main Cross-Sectional Facts”, Review of Economic Dynamics, Vol. 13(1), pp. 1-14.

Abstract: This paper describes the main cross-sectional facts on individual and household earnings, labor supply, income, consumption and wealth in Mexico in the decade of the 1990s. We use two different data sources: the Mexican Employment Survey (ENEU) and the Mexican Income and Expenditure Survey (ENIGH). The contribution of this paper is twofold. First, we integrate the two surveys to provide a complete characterization of the changes in employment, wages, income, consumption and wealth in the 1990s. Second, we highlight some distinctive features that characterize the Mexican economy in this decade. In particular, we focus on the changes in the size of the informal sector and we study the relationship between changes in informality and changes in wage inequality.

Binelli, Chiara and Alessandro Maffioli. 2007. “A Micro-Econometric Analysis of Public Support to Private R&D in Argentina”, International Review of Applied Economics, Vol. 21 (3), pp. 339 – 359.

Abstract: This paper investigates the relationship between government interventions to promote investments in innovation and firm-financed R&D. Merging a unique panel data set on Argentinean firms in the 1990s with a data base on different types of public support received through the FONTAR (Fondo Tecnólogico Argentino) program, we estimate a fixed effects model and find evidence of a significant positive impact of FONTAR on private R&D. A 1 per cent increase in the amount received through FONTAR induces an average increase of 547.6 real pesos in annual R&D expenditures. The result is robust to the use of an instrumental variable estimator that controls for the potential bias induced by changes in the structure of the program. An analysis by type of financial support reveals that the impact is mainly due to targeted and fiscal credit with no evidence that funding received through matching grants has an additionality effect on private investments. This result is in line with the predictions of a simple theoretical model that investigates the impact of different policy interventions to promote investments in R&D. When firms’ preferences are not directly observable, the provision of direct subsidies is more likely to incur the risk of adverse selection attracting firms that would have invested in innovation even in the absence of public support or dismiss some of the non-financed projects, thus leaving unchanged or decreasing the overall level of expenditures in R&D.

Book Chapters

Binelli, Chiara. 2003. “Poverta’, Educazione e Mercato del Lavoro: le Donne in Svantaggio” in La vita delle donne tra locale e globale, Viceversa, Vol. II.

Other Publications

Binelli, Chiara. 2014. “Returns to Education: How to Measure the Economic Payoff to Education?”, Economic Review, Volume 31, Number 3, February.

Binelli, Chiara and Marta Rubio-Codina. 2012. “The Returns to Private Education: Evidence from Mexico”, Institute for Fiscal Studies Working Paper W12/08.

Binelli, Chiara. 2008. “Returns to Education and Increasing Wage Inequality in Latin America”, The Rimini Centre for Economic Analysis Working Paper 30-08.

Binelli, Chiara. 2003. “Educational Gender Gap, Inequality and Growth: A Gender-Sensitive Analysis”, Temi di Ricerca, Ente per gli studi Monetari, Bancari e Finanziari Luigi Einaudi, Bank of Italy.

Access to downloadable publications: ResearchGate