School To Work Transitions And The Impact Of Public Expenditure On Education
Maite Blázquez Cuesta () and
J. Ignacio García Pérez ()
No 2007/08, Working Papers in Economic Theory from Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History)
In this paper we analyse how the decentralization process of the Spanish educational system has affected the school-to-work transition of youths over the last years. Using individual data from the Spanish Labor Force Survey for the period 1993-2002, we estimate a simultaneous equation model for the unemployment and employment hazard rates of these workers. We include public expenditure on education, at the regional level, as an explanatory factor in both hazards. Furthermore we account for cross-regional differences regarding the decision-making authority over education. Our results reveal that for both, university and non-university levels, public expenditure on education significantly improves the chances of Spanish youths in finding the first job after completing the educational system. However, it seems that the decentralization of university education has negative effects on youths’ labor market prospects in terms of exiting from unemployment, while no effects are observed for the case of non-university education.
Keywords: educational expenditure; decentralization; unemployment hazard; employment hazard (search for similar items in EconPapers)
JEL-codes: I20 I22 I28 (search for similar items in EconPapers)
Pages: 33 pages
New Economics Papers: this item is included in nep-edu, nep-eec, nep-hrm, nep-lab and nep-pbe
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Working Paper: School to work transitions and the impact of public expenditure on education (2007)
Working Paper: School to Work Transitions and the Impact of Public Expenditure on Education (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:uam:wpaper:200708
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