Firm-level social returns to education
By: by Pedro S. Martins.
Series: Discussion paper ;; no. 1382; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1382
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Education -- Social aspects -- Portugal.; Wages -- Effect of education on -- Portugal.; Skilled labor -- Supply and demand -- Portugal.; Unskilled labor -- Supply and demand -- Portugal.
Description: "Do workers benefit from the education of their co-workers? This question is examined first by introducing a model of on-the-job schooling, which argues that educated workers may transfer part of their general skills to uneducated workers and that this spillover is affected by the degrees of non-excludability, irreversibility and generality of those skills. We then conduct an empirical analysis drawing on a matched panel of Portuguese firms and their workers. Schooling endogeneity is tackled by considering firm fixed effects and instruments based on schooling lags and the lagged share of retirement-age workers. We find evidence of large firm-level social returns (ranging between 14% and 23% -- and thus exceeding standard estimates of private returns) and of significant returns accruing to less educated workers but not to their more educated colleagues"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/14/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.