The private and social return to schooling in Italy
AbstractWe estimate the private (individual) and social return to schooling in Italy and four macro regions. Our estimates take into account the effects of schooling on employment and wages as well as the key features of the Italian tax and social insurance system. We find that the individual return to schooling compares favorably to the return to financial assets (especially in the South). At the social level, the available infrastructure-capital data indicates that the return to schooling exceeds that to infrastructures in the South.
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Bibliographic InfoPaper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 569.
Date of creation: Jan 2006
Date of revision:
Education; Regional Development; Wages; Employment probability;
Other versions of this item:
- Antonio Ciccone & Federico Cingano & Piero Cipollone, 2004. "The Private and Social Return to Schooling in Italy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 63(3-4), pages 413-444, December.
- Federico Cingano & Piero Cipollone, 2009. "The private and social return to schooling in Italy," Questioni di Economia e Finanza (Occasional Papers) 53, Bank of Italy, Economic Research and International Relations Area.
- I2 - Health, Education, and Welfare - - Education
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-03-05 (All new papers)
- NEP-DEV-2006-03-05 (Development)
- NEP-EDU-2006-03-05 (Education)
- NEP-GEO-2006-03-05 (Economic Geography)
- NEP-LAB-2006-03-05 (Labour Economics)
- NEP-SOC-2006-03-05 (Social Norms & Social Capital)
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