School to Work Transitions and the Impact of Public Expenditure on Education
AbstractIn this paper we analyse how the decentralization process of the Spanish educational system has affected the school-to-work transition of youths over the last years. Using individual data from the Spanish Labor Force Survey for the period 1993-2002, we estimate a simultaneous equation model for the unemployment and employment hazard rates of these workers. We include public expenditure on education, at the regional level, as an explanatory factor in both hazards. Furthermore we account for cross-regional differences regarding the decision-making authority over education. Our results reveal that for both, university and non-university levels, public expenditure on education significantly improves the chances of Spanish youths in finding the first job after completing the educational system. However, it seems that the decentralization of university education has negative effects on youths’ labor market prospects in terms of exiting from unemployment, while no effects are observed for the case of non-university education.
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Bibliographic InfoPaper provided by FEDEA in its series Working Papers with number 2007-13.
Date of creation: May 2007
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Other versions of this item:
- Maite Blázquez Cuesta & J. Ignacio García Pérez, 2007. "School to work transitions and the impact of public expenditure on education," Economic Working Papers at Centro de Estudios Andaluces E2007/10, Centro de Estudios Andaluces.
- Blázquez, Maite & García, José Ignacio, 2007. "School To Work Transitions And The Impact Of Public Expenditure On Education," Working Papers in Economic Theory 2007/08, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
- I20 - Health, Education, and Welfare - - Education - - - General
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-18 (All new papers)
- NEP-EDU-2007-06-18 (Education)
- NEP-HRM-2007-06-18 (Human Capital & Human Resource Management)
- NEP-LAB-2007-06-18 (Labour Economics)
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.:
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