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The Pathways to College

Author

Listed:
  • Lisha Agarwal
  • Giorgio Brunello
  • Lorenzo Rocco

Abstract

We estimate the returns to college by school type using data from the Italian Participation Labor and Unemployment Survey. We find that returns are lower for vocational than for academic high school graduates in terms of employment probability (−4%), hourly wages (−3.1%), and the probability of finding the first job less than 1 year after graduation (−9.2%). The wage penalty associated with high school vocational education is lower when we consider college majors such as engineering and economics and business, for which the complementarity with the vocational skills developed in high school is presumably higher.

Suggested Citation

  • Lisha Agarwal & Giorgio Brunello & Lorenzo Rocco, 2021. "The Pathways to College," Journal of Human Capital, University of Chicago Press, vol. 15(4), pages 554-595.
    • Handle: RePEc:ucp:jhucap:doi:10.1086/716343
    DOI: 10.1086/716343
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    Cited by:

    1. Wongmonta, Sasiwooth, 2023. "Revisiting the wage effects of vocational education and training (VET) over the life cycle: The case of Thailand," International Journal of Educational Development, Elsevier, vol. 103(C).
    2. Maria Esther Oswald-Egg & Ursula Renold, 2019. "No Experience, No Employment: The Effect of Vocational Education and Training Work Experience on Labour Market Outcomes after Higher Education," KOF Working papers 19-469, KOF Swiss Economic Institute, ETH Zurich.
    3. Esposito, Piero & Scicchitano, Sergio, 2022. "Educational mismatch and labour market transitions in Italy: Is there an unemployment trap?," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 138-155.
    4. Oswald-Egg, Maria Esther & Renold, Ursula, 2021. "No experience, no employment: The effect of vocational education and training work experience on labour market outcomes after higher education," Economics of Education Review, Elsevier, vol. 80(C).
    5. Giorgio Brunello & Piero Esposito & Lorenzo Rocco & Sergio Scicchitano, "undated". "Do Classical Studies Open your Mind?," "Marco Fanno" Working Papers 0312, Dipartimento di Scienze Economiche "Marco Fanno".

    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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