Human Capital Growth for University Education Evaluation
Pietro Giorgio Lovaglio, Giorgio Vittadini
Abstract
Pietro Giorgio Lovaglio, Giorgio Vittadini
Abstract
SummaryIn this paper, we propose a method for the evaluation of relative and impact external efficiency of university studies as effects of education on the long-term income of graduates. In order to evaluate the “ceteris paribus” levels and growth we applied a multilevel longitudinal model with random effects. The variables used in our analysis refer to Human Capital studies. The Bank of Italy has collected the data used for the analysis in the years 1998, 2000 and 2002.
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SummaryIn this paper, we propose a method for the evaluation of relative and impact external efficiency of university studies as effects of education on the long-term income of graduates. In order to evaluate the “ceteris paribus” levels and growth we applied a multilevel longitudinal model with random effects. The variables used in our analysis refer to Human Capital studies. The Bank of Italy has collected the data used for the analysis in the years 1998, 2000 and 2002.
Key concepts: Ceteris paribus, Human capital, Multilevel model, Econometrics, Economics, Term (time), Statistics, Mathematics