This research studies the return associated to the decision of private investment of studying careers offered by different Technical Training Centers (CFT) of Chile, subject scarcely investigated. CFT are an alternative of increasing demand for their lower cost and duration, as well as for their greater orientation to the labor market. However, public policies generate discrimination towards this option, although they have more vulnerable students than the Professional Institutes and Universities. The results indicate that the notion of a positive return associated to the decision of private investment in tertiary education of all kinds is only a partial reality, since there is a high heterogeneity in the return of studying a technical career depending on the career and the institution where it is studied and almost 25\% of the programs analyzed presents a negative return, where even in some careers no CFT achieves a positive return. The results are sensitive to the discount rate used and the comparison group of workers. On the other hand, in some low-return careers and with a majority of female enrollment, if we use only women's income as a comparison, the return increases, reflecting the gender bias in the analysis of technical education in Chile.
Sotomayor, J., & Valenzuela, J. P. (2018). Profitability of the technical higher education delivered by the Technical Training Centers. Journal Studies of Public Policy, 4(1), 120–133. https://doi.org/10.5354/0719-6296.2018.50426
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