Labour Market Performance of University Graduates: Evidence from Italy
The massification of tertiary education, increased student mobility through the implementation of the Bologna process, the need for economic rationale behind the allocation of public funds and the demand for higher accountability and transparency have all contributed to the growing interest associated with the publication of rankings of higher education institutions. Multiple indicators, ranging from input indicators to process and outcome indicators, are combined into a single index representing overall university “excellence”.1 While, on the one hand, it could be argued that university mission is multidimensional and that it is not possible to condense the diversified work going on within universities into a single number or ranking, on the other hand, for governance purposes, there is an increasing need to be able to measure “excellence”. In addition, academic rankings provide information for comparative assessments which contribute to fostering quality within the academic community. Finally, customers, students and parents can make more informed choices about where to purchase education.
KeywordsHourly Wage Labor Market Outcome Wage Equation Labor Market Performance Employment Probability
The authors would like to thank Professor Tuzzi for her review as well as the participants to the 2008 DIVAGO final workshop in Palermo for the useful comments.
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