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The private and social return to schooling in Italy

Federico Cingano and Piero Cipollone ()

No 53, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: We estimate the private (individual) and social return to schooling in Italy and its macro regions. Our estimates take into account the effects of schooling on employment and wages, as well as the key features of the Italian tax and social security system. We find that the individual return to schooling compares favourably with the return to financial assets (especially in the South). At the social level, the available infrastructure-capital data indicates that the return to schooling exceeds that to infrastructures in the South. Recent evidence on peer effects and the consequences of increased education for health and crime suggest the overall social effects of schooling could be even greater

Keywords: schooling; wages; employment probability (search for similar items in EconPapers)
JEL-codes: I2 J31 O18 R11 (search for similar items in EconPapers)
Date: 2009-09
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-lab
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Related works:
Working Paper: The private and social return to schooling in Italy (2006) Downloads
Journal Article: The Private and Social Return to Schooling in Italy (2004) Downloads
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