Early Labour Market Returns to College Subject
AbstractThis paper aims at estimating early labour market returns (i.e. participation probability, employment probability and log hourly earnings) of Italian university graduates across college subjects. We devote great attention to endogenous selection issues using alternative methods to control for potential self-selection associated with the choice of the degree subject in order to unravel the causal link between college major and subsequent outcomes in the labour market. We use both a propensity score matching-average treatment on the treated method and the polychotomous selectivity model introduced by Lee (1983) to investigate the existence of unobserved heterogeneity. Our results suggest that "quantitative" fields (i.e. Sciences, Engineering and Economics) increase not only participation to the labour market and employment probability but also early earnings, conditional on employment.
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Bibliographic InfoPaper provided by University of Bergamo, Department of Economics in its series Working Papers with number 0705.
Length: 32 pages
Date of creation: Aug 2007
Date of revision:
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More information through EDIRC
University to work transition; college subject; self-selection; returns to education;
Other versions of this item:
- C34 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Truncated and Censored Models; Switching Regression Models
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-10-27 (All new papers)
- NEP-EDU-2007-10-27 (Education)
- NEP-HRM-2007-10-27 (Human Capital & Human Resource Management)
- NEP-LAB-2007-10-27 (Labour Economics)
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