Staying-on at school at sixteen: the impact of labor market conditions in Spain

Barbara Petrongolo and María Jesús San Segundo

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: Despite the recent increase in educational investment, Spain still ranks towards the bottom of the OECD country list for the level of its human capital stock and the new inflow of high school graduates. We address this issue by empirically investigating the impact of family characteristics and local labor market conditions on the demand for secondary education beyond the age of 16. Our results show that the record levels of Spanish youth unemployment, that should discourage an early entry into the labor market, do not seem to have enhanced substantially the probability of staying on at school at 16. It seems instead that parents' education is the main determinant of enrollment rates in Spain. This sort of inter-generational dependence clearly implies a strong persistence in the Spanish stock of human capital, and a slow convergence towards OECD standards.

Keywords: Enrollment; rates; Local; labor; markets (search for similar items in EconPapers)
Date: 1998-10
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:6076

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