Human Capital, Wages and Family Interactions

LABOUR: Review of Labour Economics and Industrial Relations, Vol. 14, Issue 1, March 2000

Posted: 13 Jul 2001

See all articles by Stefania Rossetti

Stefania Rossetti

National Institute of Statistics (Istat)

Paola Tanda

ISAE, Istituto di Studi e Analisi Economica

Abstract

The majority of studies of the returns to human capital investment have generally considered the relationship among wages and individuals' investment in education. However, among factors which increase individuals' stocks of human capital and affect their labour market performances, there are variables linked to the relevant social environment, such as the family. This paper takes into consideration intra-generational relations which form between spouses through marriage, as well as inter-generational relationships between parents and their sons and daughters. The empirical work investigates the effects of some family background variables on individuals' economic performances, using data drawn from the 1995 survey of household income and wealth conducted by the Bank of Italy. The results of the analysis show that individuals' wages do not depend only on their own human capital endowment, but also on that of other family members (parents and partners).

Suggested Citation

Rossetti, Stefania and Tanda, Paola, Human Capital, Wages and Family Interactions. LABOUR: Review of Labour Economics and Industrial Relations, Vol. 14, Issue 1, March 2000, Available at SSRN: https://ssrn.com/abstract=243095

Stefania Rossetti

National Institute of Statistics (Istat) ( email )

Via Cesare Balbo 16
00184 Rome, 0185
Italy

Paola Tanda (Contact Author)

ISAE, Istituto di Studi e Analisi Economica

Piazza dell' Indipendenza 4
I-00185
Italy

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