The Private Returns to Tertiary Education in Italy and in Europe
AbstractIn this paper we use the EU-SILC data 2005 to estimate the private rates of return to higher education in 22 European countries. By implementing a Heckman selection model and an instrumental variables estimator we study the effects of schooling on employment and wages and compare them across European countries. Our results show a great deal of heterogeneity in the rate-of-return estimates across countries. Although a clear grouping of countries does not emerges, we observe that the returns to tertiary education appear generally high for Eastern countries and low for Nordic countries whereas the Mediterranean and Continental European countries mostly exhibit an intermediate position.
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Bibliographic InfoArticle provided by GDE (Giornale degli Economisti e Annali di Economia), Bocconi University in its journal Giornale degli Economisti e Annali di Economia.
Volume (Year): 69 (2010)
Issue (Month): 3 (December)
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Web page: http://www.gde.unibocconi.it/
Find related papers by JEL classification:
- I23 - Health, Education, and Welfare - - Education - - - Higher Education and Research Institutions
- I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
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- Mastromarco, C. (Camilla) & Peragine, V. (Vito) & Serlenga, L. (Laura), 2011. "GINI DP 69: Return to Education and Income Inequality in Europe and the US," GINI Discussion Papers 69, AIAS, Amsterdam Institute for Advanced Labour Studies.
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