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Human Capital, Wages and Family Interactions

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  • Stefania Rossetti
  • Paola Tanda

Abstract

The majority of studies of the returns to human capital investment have generally considered the relationship among wages and individuals’ investment in education. However, among factors which increase individuals’ stocks of human capital and affect their labour market performances there are variables linked to the relevant social environment, such as the family. This paper takes into consideration intra‐generational relations which form between spouses through marriage, as well as inter‐generational relationships between parents and their sons/daughters. The empirical work investigates the effects of some family background variables on individuals’ economic performances, using data drawn from the 1995 survey of household income and wealth conducted by the Bank of Italy. The results of the analysis show that individuals’ wages do not depend only on their own human capital endowment, but also on that of other family members (parents and partners).

Suggested Citation

  • Stefania Rossetti & Paola Tanda, 2000. "Human Capital, Wages and Family Interactions," LABOUR, CEIS, vol. 14(1), pages 5-34, March.
    • Handle: RePEc:bla:labour:v:14:y:2000:i:1:p:5-34
    DOI: 10.1111/1467-9914.00122
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    Cited by:

    1. Anna Marenzi & Laura Pagani, 2005. "The Impact of Elderly Parents on Labour Market Participation of Italian Women," Rivista di Politica Economica, SIPI Spa, vol. 95(2), pages 155-190, March-Apr.
    2. Laura Pagani & Anna Marenzi, 2008. "The Labor Market Participation of Sandwich Generation Italian Women," Journal of Family and Economic Issues, Springer, vol. 29(3), pages 427-444, September.
    3. Åström, Johanna, 2009. "The Effects of Assortative Mating on Earnings: Human Capital Spillover or Specialization?," HUI Working Papers 34, HUI Research.
    4. Roberto Bonilla & Alberto Trejos, 2021. "Marriage and employment participation with wage bargaining in search equilibrium," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(4), pages 517-533, September.
    5. Åström, Johanna, 2011. "The Effects of Spousal Education on Individual Earnings – A Study of Married Swedish Couples," HUI Working Papers 32, HUI Research.

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