Luca Favero
DEPS, USiena
Andreina Fucci
DEPS, USiena
Abstract
This article examines the impact on salaries of Erasmus participation for graduates from the University of Siena. Specifically, it investigates whether mobile alumni experience an increase in terms of net monthly salaries. We use AlmaLaurea panel data for 2010 graduates from the University of Siena who were interviewed again in 2011, 2013 and 2015, making this study one of the very first to use panel data to track the Erasmus impact. Our results show the existence of a wage premium of around 7-9%. We employ a variety of techniques in order to address the endogeneity of the decision to participate in the programme including random effect estimation, instrumental variable estimation and propensity score matching
Keywords
Erasmus program, graduates, wage premium, panel data, Almlaurea, pscore, instrumental variables
Jel Codes
I2, J24 J31
