The Academic and Labor Market Returns of University Professors

53 Pages Posted: 18 Feb 2015

See all articles by Michela Braga

Michela Braga

Bocconi University, BAFFI-CAREFIN

Marco Paccagnella

Bank of Italy

Michele Pellizzari

University of Geneva - GSEM; IZA Institute of Labor Economics; Centre for Economic Policy Research (CEPR)

Date Written: October 23, 2014

Abstract

This paper estimates the impact of university teachers on their students’ academic achievement and labor market outcomes using administrative data from Bocconi University matched with Italian tax records. The estimation exploits the random allocation of students to teachers in a fixed sequence of compulsory courses. We find that the academic and labor market returns of teachers are only mildly positively correlated and that the professors who are best at improving the academic achievement of their best students are not always also the ones who boost their students’ earnings the most, especially for the least able students.

Keywords: teacher quality, higher education

JEL Classification: I20, M55

Suggested Citation

Braga, Michela and Paccagnella, Marco and Pellizzari, Michele, The Academic and Labor Market Returns of University Professors (October 23, 2014). Bank of Italy Temi di Discussione (Working Paper) No. 981, Available at SSRN: https://ssrn.com/abstract=2566217 or http://dx.doi.org/10.2139/ssrn.2566217

Michela Braga

Bocconi University, BAFFI-CAREFIN ( email )

Via Roentgen 1
Milan
Italy

Marco Paccagnella (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Michele Pellizzari

University of Geneva - GSEM ( email )

102 Bd Carl-Vogt
Genève, CH - 1205
Switzerland

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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