The Private and Social Return to Schooling in Italy

51 Pages Posted: 10 Apr 2006

See all articles by Antonio Ciccone

Antonio Ciccone

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)

Federico Cingano

Bank of Italy

Piero Cipollone

World Bank; Bank of Italy

Date Written: January 2006

Abstract

We estimate the private (individual) and social return to schooling in Italy and four macro regions. Our estimates take into account the effects of schooling on employment and wages as well as the key features of the Italian tax and social insurance system. We find that the individual return to schooling compares favorably to the return to financial assets (especially in the South). At the social level, the available infrastructure-capital data indicates that the return to schooling exceeds that to infrastructures in the South.

Keywords: Education, Regional Development, Wages, Employment probability

JEL Classification: I2, J31, O18, R11

Suggested Citation

Ciccone, Antonio and Cingano, Federico and Cipollone, Piero, The Private and Social Return to Schooling in Italy (January 2006). Bank of Italy Economic Research Paper No. 569. Available at SSRN: https://ssrn.com/abstract=895463 or http://dx.doi.org/10.2139/ssrn.895463

Antonio Ciccone (Contact Author)

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain
+34 93 542 1669 (Phone)
+34 93 542 1746 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Institute for the Study of Labor (IZA)

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

Federico Cingano

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Piero Cipollone

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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