Individual absolute risk aversion is measured for a sample of 1373 male household heads, using the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household income, is used as an instrument for attained education...

Using Italian data, I study the relationship between vocational education and self-reported happiness by focusing on individuals with at least a five-years high school degree, either vocational or academic. My instrumental variable strategy shows that individuals who have completed a vocational...

The purpose of this paper is to provide an update of the empirical evidence on the private returns to education in Italy. First, we show that, whilst returns to education in Italy (based on gross wages) are in line with the European average, educational attainment is generally much lower...