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Early Labour Market Returns to College Subject

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  • Paolo Buonanno

    ()

  • Dario Pozzoli

    ()

Abstract

This 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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File URL: http://aisberg.unibg.it/bitstream/10446/281/1/WPEco05(2007)Buonanno.pdf
File Function: Version, 08-2007
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Bibliographic Info

Paper provided by University of Bergamo, Department of Economics in its series Working Papers with number 0705.

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Length: 32 pages
Date of creation: Aug 2007
Date of revision:
Handle: RePEc:brg:wpaper:0705

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Keywords: University to work transition; college subject; self-selection; returns to education;

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References

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  1. Imbens, Guido & Abadie, Alberto, 2008. "On the Failure of the Bootstrap for Matching Estimators," Scholarly Articles 3043415, Harvard University Department of Economics.
  2. Arcidiacono, Peter, 2004. "Ability sorting and the returns to college major," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 343-375.
  3. Gabriele BALLARINO & Massimiliano BRATTI, 2006. "Fields of study and graduates? occupational outcomes in Italy during the 90s. Who won and who lost?," Departmental Working Papers 2006-17, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
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  12. Linda Datcher Loury, 1997. "The gender gap among college-educated workers," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 50(4), pages 580-593, July.
  13. Alex Bryson, 2002. "The Union Membership Wage Premium: An Analysis Using Propensity Score Matching," CEP Discussion Papers dp0530, Centre for Economic Performance, LSE.
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  16. Thomas N. Daymonti & Paul J. Andrisani, 1984. "Job Preferences, College Major, and the Gender Gap in Earnings," Journal of Human Resources, University of Wisconsin Press, vol. 19(3), pages 408-428.
  17. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
  18. Keane, Michael P, 1992. "A Note on Identification in the Multinomial Probit Model," Journal of Business & Economic Statistics, American Statistical Association, vol. 10(2), pages 193-200, April.
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  22. Loury, Linda Datcher & Garman, David, 1995. "College Selectivity and Earnings," Journal of Labor Economics, University of Chicago Press, vol. 13(2), pages 289-308, April.
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Citations

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Cited by:
  1. Maestri, Virginia, 2013. "Promoting scientific faculties: Does it work? Evidence from Italy," Economics of Education Review, Elsevier, vol. 32(C), pages 168-180.
  2. Katja Görlitz & Barbara S. Grave, 2012. "Wage Differentials by Field of Study – The Case of German University Graduates," Ruhr Economic Papers 0316, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  3. Maria De Paola & Francesca Gioia, 2011. "Risk Aversion And Major Choice: Evidence From Italian Students," Working Papers 201107, Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica).
  4. Aedin Doris & Donal O'Neill & Olive Sweetman, 2012. "Gender, Single-Sex Schooling and Maths Achievement," Economics, Finance and Accounting Department Working Paper Series n224-12.pdf, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
  5. Noe', Chiara, 2009. "Subject of degree and the gender wage gap: Evidence from Italy," MPRA Paper 47289, University Library of Munich, Germany.
  6. Bosio, Giulio & Leonardi, Marco, 2011. "The Impact of Bologna Process on the Graduate Labour Market: Demand and Supply," IZA Discussion Papers 5789, Institute for the Study of Labor (IZA).
  7. Giorgia Casalone & Carmen Aina, 2011. "Does time-to-degree matter? The effect of delayed graduation on employment and wages," Working Papers 38, AlmaLaurea Inter-University Consortium.
  8. Aglaia G. Kalamatianou & Foteini Kougioumoutzaki, 2012. "Employment Status and Job-Studies Relevance of Social Science Graduates: The Experience from a Greek Public University," International Journal of Economic Sciences and Applied Research (IJESAR), Technological Educational Institute (TEI) of Kavala, Greece, vol. 5(1), pages 51-75, April.

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