Human capital spillovers and returns to education

Pedro Portugal; Hugo Reis; Paulo Guimarães; Ana Rute Cardoso

Human capital spillovers and returns to education

Pedro Portugal
, Hugo Reis
, Paulo Guimarães
, Ana Rute Cardoso

Resultado de pesquisa

17 Transferências (Pure)

Resumo

In this paper, we quantify the impact of co-workers’ human capital on a worker’s productivity and, more specifically, the spillovers of co-workers’ education within the workplace. We identify the impact of peer quality and provide an unambiguous decomposition of the impact of unobserved heterogeneity on the estimated returns to education. We find that peer effects are quite sizeable. A one standard deviation increase in the measure of peer quality leads to a wage increase of 2.1 percent. We also unveil that an additional year of average education of co-workers yields a 0.5 percent increase in the individual own wage.

Idioma original	English
Local da publicação	Lisboa
Editora	Banco de Portugal
Número de páginas	43
ISBN (eletrónico)	9789896788476
Estado da publicação	Publicado - dez. 2022

Série de publicação

Nome	Working papers 2022
Editora	Banco de Portugal
N.º	19

ODS da ONU

Este resultado contribui para o(s) seguinte(s) Objetivo(s) de Desenvolvimento Sustentável

ODS 8 Trabalho digno e crescimento económico
ODS 10 Desigualdades reduzidas

Acesso ao documento

91418775Final published version, 8,56 MBLicença: Unspecified

http://hdl.handle.net/10400.14/45469Licença: Unspecified

CUBE: Católica Lisbon Research Unit in Business and Economics
Machado, F. (PI), Aranda, A. M. (Investigador), Costa, A. I. D. A. (Investigador), Martins, A. P. (Investigador), Bernard, A. (Investigador), Fidalgo, A. (Investigador), Reis, C. (Investigador), Abecassis-Moedas, C. (Investigador), Santos, C. (Investigador), Tran, D. (Investigador), Fernandes, D. (Investigador), Bonfim, D. (Investigador), Schliephake, E. (Investigador), Kalogirou, F. (Investigador), Reis, F. (Investigador), Santos, F. (Investigador), Machado, F. (Investigador), Sguera, F. (Investigador), Cerqueiro, G. (Investigador), Reis, H. (Investigador), Barreto, I. (Investigador), Silva, J. (Investigador), Salvado, J. C. (Investigador), Neves, J. C. D. (Investigador), Gijsbrechts, J. (Investigador), Stahl, J. (Investigador), Guedes, J. C. (Investigador), Faias, J. (Investigador), Wagner, L. (Investigador), Correia, I. (Investigador), Saldanha, M. F. (Investigador), Fontes, J. C. (Investigador), Modesto, L. (Investigador), Meira, M. (Investigador), Matos, M. G. D. (Investigador), Gouveia, M. (Investigador), Kozeniauskas, N. (Investigador), Bertani, N. (Investigador), Couzoff, P. (Investigador), Barroso, P. (Investigador), Encarnação, P. (Investigador), Raposo, P. (Investigador), Teles, P. (Investigador), Bastos, W. (Investigador), Bohnsack, R. (Investigador), Vale, R. C. D. (Investigador), Ferreira, R. (Investigador), Lloyd-Braga, T. (Investigador), Ramus, T. (Investigador), Colaço, V. H. (Investigador), Cavicchini, A. (Investigador), Parada, P. (Investigador), Pieters, R. (Investigador), Pinto, F. S. (Investigador), Colaço, V. H. (Investigador) & Venter, Z. (Investigador)
1/01/20 → 31/12/25
Projeto

Citação

@techreport{4811609ebb2441f2b02557af23c86874,

title = "Human capital spillovers and returns to education",

abstract = "In this paper, we quantify the impact of co-workers{\textquoteright} human capital on a worker{\textquoteright}s productivity and, more specifically, the spillovers of co-workers{\textquoteright} education within the workplace. We identify the impact of peer quality and provide an unambiguous decomposition of the impact of unobserved heterogeneity on the estimated returns to education. We find that peer effects are quite sizeable. A one standard deviation increase in the measure of peer quality leads to a wage increase of 2.1 percent. We also unveil that an additional year of average education of co-workers yields a 0.5 percent increase in the individual own wage.",

keywords = "Wage distribution, Human capital spillovers, Returns to education, Peer effects, Linked employer-employee data, High-dimensional fixed effects, Workplace, Job and occupation",

author = "Pedro Portugal and Hugo Reis and Paulo Guimar{\~a}es and Cardoso, \{Ana Rute\}",

year = "2022",

month = dec,

language = "English",

series = "Working papers 2022",

publisher = "Banco de Portugal",

number = "19",

type = "WorkingPaper",

institution = "Banco de Portugal",

}

TY - UNPB

T1 - Human capital spillovers and returns to education

AU - Portugal, Pedro

AU - Reis, Hugo

AU - Guimarães, Paulo

AU - Cardoso, Ana Rute

PY - 2022/12

Y1 - 2022/12

N2 - In this paper, we quantify the impact of co-workers’ human capital on a worker’s productivity and, more specifically, the spillovers of co-workers’ education within the workplace. We identify the impact of peer quality and provide an unambiguous decomposition of the impact of unobserved heterogeneity on the estimated returns to education. We find that peer effects are quite sizeable. A one standard deviation increase in the measure of peer quality leads to a wage increase of 2.1 percent. We also unveil that an additional year of average education of co-workers yields a 0.5 percent increase in the individual own wage.

AB - In this paper, we quantify the impact of co-workers’ human capital on a worker’s productivity and, more specifically, the spillovers of co-workers’ education within the workplace. We identify the impact of peer quality and provide an unambiguous decomposition of the impact of unobserved heterogeneity on the estimated returns to education. We find that peer effects are quite sizeable. A one standard deviation increase in the measure of peer quality leads to a wage increase of 2.1 percent. We also unveil that an additional year of average education of co-workers yields a 0.5 percent increase in the individual own wage.

KW - Wage distribution

KW - Human capital spillovers

KW - Returns to education

KW - Peer effects

KW - Linked employer-employee data

KW - High-dimensional fixed effects

KW - Workplace

KW - Job and occupation

M3 - Working paper

T3 - Working papers 2022

BT - Human capital spillovers and returns to education

PB - Banco de Portugal

CY - Lisboa

ER -

Human capital spillovers and returns to education

Resumo

Série de publicação

ODS da ONU

Acesso ao documento

Impressão digital

Projetos

CUBE: Católica Lisbon Research Unit in Business and Economics

Citação