Firm-Level Social Returns to Education

Pedro Martins

No 404, CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: Do workers benefit from the education of their co-workers? We investigate this question drawing on a panel of large Portuguese firms and their workers, using fixed effects and instrumenting average schooling in each firm-year with its lagged value and the lagged share of retirement-age workers. We find evidence of substantial firm-level social returns (at about 19%), much larger than standard estimates of private returns to education, and of sizeable returns accruing to less educated workers but not to their more educated colleagues

Keywords: Social Returns to Education; Education Spillovers; Matched Employer-Employee Data; Wages; Portugal. (search for similar items in EconPapers)
JEL-codes: I20 J24 J31 (search for similar items in EconPapers)
Date: 2004-02
New Economics Papers: this item is included in nep-edu and nep-ure
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Citations: View citations in EconPapers (22)

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Related works:
Journal Article: Firm-level social returns to education (2010)
Working Paper: Firm-Level Social Returns to Education (2008)
Working Paper: Firm-Level Social Returns to Education (2004)
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