(I Can't Get No) Education: Quanto Rende Investire Nell'Istruzione in Italia? (An Estimate of the Private Rates of Return in Education in Italy and Some OECD Countries)

14 Pages Posted: 15 May 2001

See all articles by Carlo Viviani

Carlo Viviani

European Union - Directorate General for Economic and Financial Affairs (DG ECFIN)

Abstract

By using a simple (short-cut) method, the private and social rates of return of tertiary and secondary education in Italy between 1989 and 1998 are estimated, as well as the private rates of return for some OECD countries in 1998. The results show that private rates of return, especially for tertiary education, are lower in Italy than in all the OECD countries examined. Moreover, tertiary education increases the probability of being employed in Italy, although much less than in the other countries of the sample, and the productivity of the tertiary education system in Italy is the lowest in the sample, which suggests the need for an increase of public (or private) investment.

Keywords: Education, private rates of return, unemployment

JEL Classification: I2, J31, J24

Suggested Citation

Viviani, Carlo, (I Can't Get No) Education: Quanto Rende Investire Nell'Istruzione in Italia? (An Estimate of the Private Rates of Return in Education in Italy and Some OECD Countries). Available at SSRN: https://ssrn.com/abstract=256982 or http://dx.doi.org/10.2139/ssrn.256982

Carlo Viviani (Contact Author)

European Union - Directorate General for Economic and Financial Affairs (DG ECFIN)

CHAR 10/117
Brussels, Bruxelles B-1049
Belgium

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