THE EFFECTS OF LABOR MARKET CONDITIONS AND FAMILY BACKGROUNDS ON EDUCATION ATTAINMENT OF SPANISH YOUNGSTERS

Elena Casquel () and Ezequiel Uriel ()
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Elena Casquel: Universidad Miguel Hernández

Working Papers. Serie EC from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: The aim of this paper is to study the impact of family background and labor market conditions on educational attainment of Spanish youngsters using a new sample of data drawn for the first seven waves of the European Community Household Panel (ECHP). Our results show that family background variables are strong determinants of the number of young adults that attained post-compulsory education. More specifically, we obtain that children¿s educational achievement is strongly related to parental education. Moreover, the results suggest that unemployment prospects aspect the demand for education through diminishing costs more than increasing returns to education. It could indicate that unemployment rate push people to enroll in tertiary education. El objetivo de este trabajo es analizar el impacto del entorno familiar y las condiciones del mercado laboral en las decisiones de educación de los jóvenes españoles. Para ello, vamos a usar una nueva muestra de datos obtenida de las primeras siete olas del panel de hogares europeo (phogue). Nuestros resultados muestran que las variables familiares tienen un fuerte impacto en el número de jóvenes que alcanzan educación superior. En concreto, obtenemos que la educación de los padres juega un papel muy importante. Además, nuestros resultados sugieren que las tasas de desempleo afectan a la decisión educativa disminuyendo los costes educativos pero no se observa evidencia de que incrementen los rendimientos de la educación. Estos resultados indican que las altas tasas de desempleo fomentan que los jóvenes realicen estudios universitarios.

Keywords: decisión de educación, tasas de desempleo, probit ordenado educational attainment; family backgrounds; unemployment rate (search for similar items in EconPapers)
JEL-codes: I2 I21 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2007-12
New Economics Papers: this item is included in nep-edu, nep-eec and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasec:2007-15

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