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Latin America: Is better technical and technological higher education the answer?

Diego Angel-Urdinola's picture
 
A new World Bank study finds that some Chilean technicians with a two-year degree have education returns that are only slightly lower than those of professionals. (Photo: Dominic Chavez/World Bank)



Two years ago, 23-year-old Pedro Flores became a technician specializing in renewable energy—all thanks to a degree from a technical institute in Maule, located in one of Chile’s poorest regions. After completing his degree in just two years, Flores became the only person in his family to obtain an advanced degree. Today, he lives in Santiago and works for a private solar energy multinational corporation, where he earns a competitive salary that is only slightly below the average for entry-level professionals in his field, most of whom spent over five years in university.