Social Returns to Education: Evidence From Italian Local Labor Market Areas

Author/Editor:

A. Dalmazzo ; Guido De Blasio

Publication Date:

August 1, 2003

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling for individual characteristics, local average human capital is positively correlated with individual wages, with estimated social returns between 2 and 3 percent. This result is robust to alternative estimation methods and does not seem to depend on endogenous sorting. The paper also shows that social returns are higher in the lagged areas of the south of Italy.

Series:

Working Paper No. 2003/165

Subject:

Economic sectors Education Human capital Labor Labor markets Manufacturing Wages

English

Publication Date:

August 1, 2003

ISBN/ISSN:

9781451858075/1018-5941

Stock No:

WPIEA1652003

Pages:

32

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