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How the labour market evaluates Italian universities

Author

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  • Emanuele Ciani

    (Bank of Italy)

  • Vincenzo Mariani

    (Bank of Italy)

Abstract

We analyse how the labour market implicitly evaluates Italy's higher education system by estimating differences in employment and earnings across universities. We use our estimates to produce three rankings of universities based, respectively, on employment, earnings and employment-weighted earnings. By controlling for a large set of covariates, we isolate each university effect on employment and earnings from additional components influencing graduates' labour market outcomes, namely the university's field of specialization, the graduates' observable characteristics and their local labour markets. To account for the latter, we include graduates' employment rate in the region of residence among the covariates but we instrument it with prior residence in order to correct for endogenous sorting. We discuss pros and cons of our methodology and compare our results with other available university rankings.

Suggested Citation

  • Emanuele Ciani & Vincenzo Mariani, 2014. "How the labour market evaluates Italian universities," Questioni di Economia e Finanza (Occasional Papers) 247, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_247_14
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2014-0247/QEF_247.pdf
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    References listed on IDEAS

    as
    1. Brunello, Giorgio & Cappellari, Lorenzo, 2008. "The labour market effects of Alma Mater: Evidence from Italy," Economics of Education Review, Elsevier, vol. 27(5), pages 564-574, October.
    2. Black, Dan A. & Smith, J.A.Jeffrey A., 2004. "How robust is the evidence on the effects of college quality? Evidence from matching," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 99-124.
    3. Seamus McGuinness, 2003. "University quality and labour market outcomes," Applied Economics, Taylor & Francis Journals, vol. 35(18), pages 1943-1955.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Ilaria De Angelis & Vincenzo Mariani & Roberto Torrini, 2017. "New Evidence on Interregional Mobility of Students in Tertiary Education: The Case of Italy," Politica economica, Società editrice il Mulino, issue 1, pages 73-96.
    2. Leopoldo Nascia & Mario Pianta & Giovanni La Placa, 2016. "RIO Country Report 2015: Italy," JRC Research Reports JRC101197, Joint Research Centre.
    3. Minaya, Veronica & Agasisti, Tommaso & Bratti, Massimiliano, 2022. "When need meets merit: The effect of increasing merit requirements in need-based student aid," European Economic Review, Elsevier, vol. 146(C).
    4. Gabriele Lombardi & Giulio Ghellini, 2019. "Linking University Harshness and Students’ Choices: Sociodemographic Differences based on Italian Universities’ Characteristics," Department of Economics University of Siena 805, Department of Economics, University of Siena.

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    More about this item

    Keywords

    university ranking; higher education; labour market;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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