Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154865
Authors: 
Brunello, Giorgio
Miniaci, Raffaele
Year of Publication: 
1998
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 7.1998
Abstract: 
We study the relationship between (log) current earnings and educational levels in Italy. In line with other international evidence, we find that OLS under-estimate the marginal return to additional education. When the endogeneity of educational choice is taken into account, the marginal return from one additional year in junior high school increases from 3.2 to 5 percent. Similarly, the marginal return from one additional year in secondary school or in college increases respectively from 3.4 to 4.2 percent and from 6.4 to 7.2 percent. Using longitudinal data, we also find that individuals of the same age with higher education experience faster earnings growth. Hence, there is evidence that wage differentials by education widen as individuals grow older.
Subjects: 
Education
Earnings
JEL: 
J24
J31
Document Type: 
Working Paper

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