{"title":"The Pathways to College","authors":"Lisha Agarwal, G. Brunello, L. Rocco","doi":"10.1086/716343","DOIUrl":null,"url":null,"abstract":"We estimate the returns to college by school type using data from the Italian Participation Labor and Unemployment Survey. We find that returns are lower for vocational than for academic high school graduates in terms of employment probability (−4%), hourly wages (−3.1%), and the probability of finding the first job less than 1 year after graduation (−9.2%). The wage penalty associated with high school vocational education is lower when we consider college majors such as engineering and economics and business, for which the complementarity with the vocational skills developed in high school is presumably higher.","PeriodicalId":46011,"journal":{"name":"Journal of Human Capital","volume":"15 1","pages":"554 - 595"},"PeriodicalIF":1.6000,"publicationDate":"2021-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"8","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Human Capital","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1086/716343","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 8
Abstract
We estimate the returns to college by school type using data from the Italian Participation Labor and Unemployment Survey. We find that returns are lower for vocational than for academic high school graduates in terms of employment probability (−4%), hourly wages (−3.1%), and the probability of finding the first job less than 1 year after graduation (−9.2%). The wage penalty associated with high school vocational education is lower when we consider college majors such as engineering and economics and business, for which the complementarity with the vocational skills developed in high school is presumably higher.
期刊介绍：
Journal of Human Capital is dedicated to human capital and its expanding economic and social roles in the knowledge economy. Developed in response to the central role human capital plays in determining the production, allocation, and distribution of economic resources and in supporting long-term economic growth, JHC is a forum for theoretical and empirical work on human capital—broadly defined to include education, health, entrepreneurship, and intellectual and social capital—and related public policy analyses. JHC encompasses microeconomic, macroeconomic, and international economic perspectives on the theme of human capital. The journal offers a platform for discussion of topics ranging from education, labor, health, and family economics.
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