How the Labour Market Evaluates Italian Universities

43 Pages Posted: 26 Mar 2015

Date Written: November 20, 2014

Abstract

We analyse how the labour market implicitly evaluates Italy’s higher education system by estimating differences in employment and earnings across universities. We use our estimates to produce three rankings of universities based, respectively, on employment, earnings and employment-weighted earnings. By controlling for a large set of covariates, we isolate each university effect on employment and earnings from additional components influencing graduates' labour market outcomes, namely the university’s field of specialization, the graduates' observable characteristics and their local labour markets. To account for the latter, we include graduates' employment rate in the region of residence among the covariates but we instrument it with prior residence in order to correct for endogenous sorting. We discuss pros and cons of our methodology and compare our results with other available university rankings.

Keywords: university ranking, higher education, labour market

JEL Classification: I23, J24, J31

Suggested Citation

Ciani, Emanuele and Mariani, Vincenzo, How the Labour Market Evaluates Italian Universities (November 20, 2014). Bank of Italy Occasional Paper No. 247, Available at SSRN: https://ssrn.com/abstract=2584913 or http://dx.doi.org/10.2139/ssrn.2584913

Emanuele Ciani (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Vincenzo Mariani

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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