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Educational Performance as Signalling Device: Evidence from Italy

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Author Info
Carolina Castagnetti () (University of Pavia)
Francesco Chelli () (University Politecnica delle Marche)
Luisa Rosti () (University of Pavia)

Additional information is available for the following registered author(s):

Abstract

Following Brown and Sessions (1999) we apply the comparative techniques originated by Wolpin (1977) and Psacharopoulos (1979) to discriminate between the weak and strong screening hypotheses. Our data provides additional empirical results for the Italian labour market shifting the focus of the relationship between education and wages from the highest level of education completed to more specific measurements like degree score and completion speed. Our results show that the strong screening hypothesis is strengthened, i. e. that educational performance has an insignificant return for the self-employed, but a significantly positive return for employees.

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File URL: http://economicsbulletin.vanderbilt.edu/2005/volume9/EB-05I20006A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 9 (2005)
Issue (Month): 4 ()
Pages: 1-7
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:9:y:2005:i:4:p:1-7

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Related research
Keywords: Higher Education; Screening; Self-employment; Wages;

Find related papers by JEL classification:
I2 - Health, Education, and Welfare - - Education
J0 - Labor and Demographic Economics - - General

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Garcia-Mainar, Inmaculada & Montuenga-Gomez, Victor M., 2005. "Education returns of wage earners and self-employed workers: Portugal vs. Spain," Economics of Education Review, Elsevier, vol. 24(2), pages 161-170, April. [Downloadable!] (restricted)
  2. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66, pages 281. [Downloadable!] (restricted)
  3. Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-61, January. [Downloadable!] (restricted)
  4. Le, Anh T, 1999. " Empirical Studies of Self-Employment," Journal of Economic Surveys, Blackwell Publishing, vol. 13(4), pages 381-416, September. [Downloadable!] (restricted)
  5. Brown, Sarah & Sessions, John G, 1998. "Education, Employment Status and Earnings: A Comparative Test of the Strong Screening Hypothesis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(5), pages 586-91, November. [Downloadable!] (restricted)
  6. Psacharopoulos, George, 1979. "On the weak versus the strong version of the screening hypothesis," Economics Letters, Elsevier, vol. 4(2), pages 181-185. [Downloadable!] (restricted)
  7. Arrow, Kenneth J., 1973. "Higher education as a filter," Journal of Public Economics, Elsevier, vol. 2(3), pages 193-216, July. [Downloadable!] (restricted)
  8. Layard, Richard & Psacharopoulos, George, 1974. "The Screening Hypothesis and the Returns to Education," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 985-98, Sept./Oct. [Downloadable!] (restricted)
  9. Brown, Sarah & Sessions, John G., 1999. "Education and employment status: a test of the strong screening hypothesis in Italy," Economics of Education Review, Elsevier, vol. 18(4), pages 397-404, October. [Downloadable!] (restricted)
  10. Grubb, W. Norton, 1993. "Further tests of screening on education and observed ability," Economics of Education Review, Elsevier, vol. 12(2), pages 125-136, June. [Downloadable!] (restricted)
  11. Riley, John G, 1979. "Testing the Educational Screening Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages S227-52, October. [Downloadable!] (restricted)
  12. Stacy Berg Dale & Alan B. Krueger, 2002. "Estimating The Payoff To Attending A More Selective College: An Application Of Selection On Observables And Unobservables," The Quarterly Journal of Economics, MIT Press, vol. 117(4), pages 1491-1527, November. [Downloadable!] (restricted)
    Other versions:
  13. Psacharopoulos, George, 1996. "Economics of education: A research agenda," Economics of Education Review, Elsevier, vol. 15(4), pages 339-344, October. [Downloadable!] (restricted)
  14. Fredland, J. Eric & Little, Roger D., 1981. "Self-employed workers: Returns to education and training," Economics of Education Review, Elsevier, vol. 1(3), pages 315-337, June. [Downloadable!] (restricted)
  15. Wolpin, Kenneth I, 1977. "Education and Screening," American Economic Review, American Economic Association, vol. 67(5), pages 949-58, December. [Downloadable!] (restricted)
  16. Groot, Wim & Oosterbeek, Hessel, 1994. "Earnings Effects of Different Components of Schooling: Human Capital versus Screening," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 317-21, May. [Downloadable!] (restricted)
  17. Norton Grubb, W., 1995. "Postsecondary education and the sub-baccalaureate labor market: Corrections and extensions," Economics of Education Review, Elsevier, vol. 14(3), pages 285-299, September. [Downloadable!] (restricted)
  18. John Heywood & Xiangdong Wei, 2004. "Education and Signaling: Evidence from a Highly Competitive Labor Market," Education Economics, Taylor and Francis Journals, vol. 12(1), pages 1-16, April. [Downloadable!] (restricted)
  19. Tucker, Irvin III, 1985. "Use of the decomposition technique to test the educational screening hypothesis," Economics of Education Review, Elsevier, vol. 4(4), pages 321-326, August. [Downloadable!] (restricted)
  20. Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1991. "The Allocation of Talent: Implications for Growth," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 503-30, May. [Downloadable!] (restricted)
    Other versions:
  21. Stiglitz, Joseph E, 1975. "The Theory of "Screening," Education, and the Distribution of Income," American Economic Review, American Economic Association, vol. 65(3), pages 283-300, June. [Downloadable!] (restricted)
    Other versions:
  22. Spence, A Michael, 1973. "Job Market Signaling," The Quarterly Journal of Economics, MIT Press, vol. 87(3), pages 355-74, August. [Downloadable!] (restricted)
  23. Alba-Ramirez, Alfonso & San Segundo, Maria Jesus, 1995. "The returns to education in Spain," Economics of Education Review, Elsevier, vol. 14(2), pages 155-166, June. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Stephan O. Hornig & Horst Rottmann & Rüdiger Wapler, 2009. "Information Asymmetry, Education Signals and the Case of Ethnic and Native Germans," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  2. Castagnetti, Carolina & Rosti, Luisa, 2008. "Who skims the cream of the Italian graduate crop? Wage-employment versus self-employment," MPRA Paper 13504, University Library of Munich, Germany. [Downloadable!]
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