Honours as a signal - evidence from a quasi-natural experiment in Italy Abstract: This note compares the wage premium of honours degrees in two different Italian university systems (old and new) in 2011 using data from the Italian National Institute of Statistics. The wage premium of a honours degree in the new system disappears due to honours inflation and hence the signal of potential higher productivity stopped working. In contrast, for graduates under the old system, the signal statistically significantly affects wages
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Chevalier, Arnaud & Conlon, Gavan, 2003.
"Does it pay to attend a prestigious university?,"
LSE Research Online Documents on Economics
19477, London School of Economics and Political Science, LSE Library.
- Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," Working Papers 200320, School of Economics, University College Dublin.
- Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," CEE Discussion Papers 0033, Centre for the Economics of Education, LSE.
- Chevalier, Arnaud & Conlon, Gavan, 2003. "Does It Pay to Attend a Prestigious University?," IZA Discussion Papers 848, IZA Network @ LISER.
- Luisa Rosti & Chikara Yamaguchi & Carolina Castagnetti, 2005. "Educational Performance as Signalling Device: Evidence from Italy," Economics Bulletin, AccessEcon, vol. 9(4), pages 1-7.
- Freier, Ronny & Schumann, Mathias & Siedler, Thomas, 2015.
"The earnings returns to graduating with honors — Evidence from law graduates,"
Labour Economics, Elsevier, vol. 34(C), pages 39-50.
- Ronny Freier & Mathias Schumann & Thomas Siedler, 2014. "The Earnings Returns to Graduating with Honors: Evidence from Law Graduates," Discussion Papers of DIW Berlin 1431, DIW Berlin, German Institute for Economic Research.
- Freier, Ronny & Schumann, Mathias & Siedler, Thomas, 2015. "The Earnings Returns to Graduating with Honors: Evidence from Law Graduates," IZA Discussion Papers 8825, IZA Network @ LISER.
- Hanming Fang, 2006. "Disentangling The College Wage Premium: Estimating A Model With Endogenous Education Choices," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(4), pages 1151-1185, November.
- Brown, Sarah & Sessions, John G., 1999. "Education and employment status: a test of the strong screening hypothesis in Italy," Economics of Education Review, Elsevier, vol. 18(4), pages 397-404, October.
- repec:ebl:ecbull:v:9:y:2005:i:4:p:1-7 is not listed on IDEAS
- George Psacharopoulos & Harry Anthony Patrinos, 2018.
"Returns to investment in education: a decennial review of the global literature,"
Education Economics, Taylor & Francis Journals, vol. 26(5), pages 445-458, September.
- Psacharopoulos,George & Patrinos,Harry Anthony, 2018. "Returns to investment in education : a decennial review of the global literature," Policy Research Working Paper Series 8402, The World Bank.
- Pedro Carneiro & Sokbae Lee, 2011.
"Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000,"
American Economic Review, American Economic Association, vol. 101(6), pages 2309-2349, October.
- Pedro Carneiro & Sokbae (Simon) Lee, 2009. "Trends in quality-adjusted skill premia in the United States, 1960-2000," CeMMAP working papers CWP02/09, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Carneiro, Pedro & Lee, Sokbae, 2010. "Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000," IZA Discussion Papers 5295, IZA Network @ LISER.
- Dominic J. Brewer & Eric R. Eide & Ronald G. Ehrenberg, 1999. "Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings," Journal of Human Resources, University of Wisconsin Press, vol. 34(1), pages 104-123.
- Arrow, Kenneth J., 1973. "Higher education as a filter," Journal of Public Economics, Elsevier, vol. 2(3), pages 193-216, July.
- Mark Hoekstra, 2009. "The Effect of Attending the Flagship State University on Earnings: A Discontinuity-Based Approach," The Review of Economics and Statistics, MIT Press, vol. 91(4), pages 717-724, November.
- Zheng, Yu, 2019. "The Role Of Education Signaling In Explaining The Growth Of The College Wage Premium," Macroeconomic Dynamics, Cambridge University Press, vol. 23(3), pages 1247-1286, April.
- Damon Clark & Paco Martorell, 2014. "The Signaling Value of a High School Diploma," Journal of Political Economy, University of Chicago Press, vol. 122(2), pages 282-318.
- Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Nick Huntington-Klein, 2021. "Human capital versus signaling is empirically unresolvable," Empirical Economics, Springer, vol. 60(5), pages 2499-2531, May.
- Inmaculada Garc�a-Mainar & V�ctor M. Montuenga-G�mez, 2017. "Subjective educational mismatch and signalling in Spain," Documentos de Trabajo dt2017-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
- Luisa Rosti & Chikara Yamaguchi & Carolina Castagnetti, 2005. "Educational Performance as Signalling Device: Evidence from Italy," Economics Bulletin, AccessEcon, vol. 9(4), pages 1-7.
- Eliasson, Kent, 2006. "The Role of Ability in Estimating the Returns to College Choice: New Swedish Evidence," Umeå Economic Studies 691, Umeå University, Department of Economics.
- Birulin, Oleksii & Smirnov, Vladimir & Wait, Andrew, 2020. "The evolving nature of the college wage premium," Economic Modelling, Elsevier, vol. 93(C), pages 474-479.
- Piopiunik, Marc & Schwerdt, Guido & Simon, Lisa & Woessmann, Ludger, 2020.
"Skills, signals, and employability: An experimental investigation,"
European Economic Review, Elsevier, vol. 123(C).
- Piopiunik, Marc & Schwerdt, Guido & Simon, Lisa & Woessmann, Ludger, 2018. "Skills, Signals, and Employability: An Experimental Investigation," Rationality and Competition Discussion Paper Series 63, CRC TRR 190 Rationality and Competition.
- Marc Piopiunik & Guido Schwerdt & Lisa Simon & Ludger Woessmann, 2018. "Skills, Signals, and Employability: An Experimental Investigation," CVER Research Papers 012, Centre for Vocational Education Research.
- Piopiunik, Marc & Schwerdt, Guido & Simon, Lisa & Woessmann, Ludger, 2018. "Skills, Signals, and Employability: An Experimental Investigation," IZA Discussion Papers 11283, IZA Network @ LISER.
- Marc Piopiunik & Guido Schwerdt & Lisa Simon & Ludger Woessmann, 2018. "Skills, Signals, and Employability: An Experimental Investigation," CESifo Working Paper Series 6858, CESifo.
- Piopiunik, Marc & Schwerdt, Guido & Simon, Lisa & Woessmann, Ludger, 2020. "Skills, signals, and employability: An experimental investigation," Munich Reprints in Economics 84732, University of Munich, Department of Economics.
- Piopiunik, Marc & Schwerdt, Guido & Simon, Lisa & Woessmann, Ludger, 2018. "Skills, Signals, and Employability: An Experimental Investigation," CAGE Online Working Paper Series 357, Competitive Advantage in the Global Economy (CAGE).
- Felipe Barrera-Osorio & Hernando Bayona RodrÔøΩguez, 2015. "El efecto causal de la asistencia a la universidad sobre la trayectoria educativa y el mercado laboral: Evidencia emp√≠rica para Colombia," Documentos CEDE 13549, Universidad de los Andes, Facultad de Economía, CEDE.
- Georg Graetz, 2021. "On the interpretation of diploma wage effects estimated by regression discontinuity designs," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(1), pages 228-258, February.
- Suqin Ge & Elliott Isaac & Amalia Miller, 2022.
"Elite Schools and Opting In: Effects of College Selectivity on Career and Family Outcomes,"
Journal of Labor Economics, University of Chicago Press, vol. 40(S1), pages 383-427.
- Suqin Ge & Elliott Isaac & Amalia Miller, 2018. "Elite Schools and Opting In: Effects of College Selectivity on Career and Family Outcomes," NBER Working Papers 25315, National Bureau of Economic Research, Inc.
- SWATI Sharma, 2016. "Does Education Determine Employment: Peculiarities Of The Indian Labour Market," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 11(1), pages 164-180, April.
- David Carroll & Chris Heaton & Massimiliano Tani, 2019.
"Does It Pay to Graduate from an 'Elite' University in Australia?,"
The Economic Record, The Economic Society of Australia, vol. 95(310), pages 343-357, September.
- Carroll, David & Heaton, Christopher & Tani, Massimiliano, 2018. "Does It Pay to Graduate from an 'Elite' University in Australia?," IZA Discussion Papers 11477, IZA Network @ LISER.
- Naven, Matthew & Whalen, Daniel, 2022. "The signaling value of university rankings: Evidence from top 14 law schools," Economics of Education Review, Elsevier, vol. 89(C).
- Suhonen, Tuomo, 2013. "Are there returns from university location in a state-funded university system?," Regional Science and Urban Economics, Elsevier, vol. 43(3), pages 465-478.
- Gong, Jie & Pan, Jessica, 2023. "The returns to an additional year of education for college graduates," Journal of Public Economics, Elsevier, vol. 218(C).
- repec:osf:socarx:evwpa_v1 is not listed on IDEAS
- Stanislav Avdeev, 2020. "Zero Returns To Higher Education: Evidence From A Natural Experiment," HSE Working papers WP BRP 236/EC/2020, National Research University Higher School of Economics.
- Valerie Bostwick, 2016. "Signaling In Higher Education: The Effect Of Access To Elite Colleges On Choice Of Major," Economic Inquiry, Western Economic Association International, vol. 54(3), pages 1383-1401, July.
- Birulin, Oleksii & Parfinenko, Nina & Smirnov, Vladimir & Wait, Andrew, 2019. "Signaling and the College Wage Premium," Working Papers 2019-14, University of Sydney, School of Economics, revised Nov 2019.
- Tom Lane & Minghai Zhou, 2022. "Failure of unravelling theory? A natural field experiment on voluntary quality disclosure," Discussion Papers 2022-17, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Alfonso Flores-Lagunes & Audrey Light, 2010.
"Interpreting Degree Effects in the Returns to Education,"
Journal of Human Resources, University of Wisconsin Press, vol. 45(2).
- Flores-Lagunes, Alfonso & Light, Audrey, 2009. "Interpreting Degree Effects in the Returns to Education," IZA Discussion Papers 4169, IZA Network @ LISER.
- Dahlia K. Remler & Elda Pema, 2009. "Why do Institutions of Higher Education Reward Research While Selling Education?," NBER Working Papers 14974, National Bureau of Economic Research, Inc.
More about this item
Keywords
; ; ;JEL classification:
- J1 - Labor and Demographic Economics - - Demographic Economics
- I2 - Health, Education, and Welfare - - Education
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-18-01002. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/ebl/ecbull/eb-18-01002.html