01584cas a2200253 a 4500 AALejournalIMF008473 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858075 1018-5941 BD-DhAAL BD-DhAAL Dalmazzo, A. Social Returns to Education : Evidence From Italian Local Labor Market Areas / A. Dalmazzo, Guido De Blasio. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling for individual characteristics, local average human capital is positively correlated with individual wages, with estimated social returns between 2 and 3 percent. This result is robust to alternative estimation methods and does not seem to depend on endogenous sorting. The paper also shows that social returns are higher in the lagged areas of the south of Italy. Mode of access: Internet De Blasio, Guido. IMF Working Papers; Working Paper ; No. 2003/165 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/165/001.2003.issue-165-en.xml IMF e-Library