Description

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.

Taxonomy

Economic policy , Education , Labor market , Social policy , Wages

More publications in this series: Working Papers

More publications by: A. Dalmazzo ; Guido De Blasio