IDEAS home Printed from https://ideas.repec.org/p/iza/izadps/dp7902.html
   My bibliography  Save this paper

The Academic and Labor Market Returns of University Professors

Author

Listed:
  • Braga, Michela

    (University of Milan)

  • Paccagnella, Marco

    (OECD)

  • Pellizzari, Michele

    (University of Geneva)

Abstract

This paper estimates the impact of college teaching on students' academic achievement and labor market outcomes using administrative data from Bocconi University (Italy) matched with Italian tax records. The estimation exploits the random allocation of students to teachers in a fixed sequence of compulsory courses. We find that good teaching matters more for the labor market than for academic performance. Moreover, the professors who are best at improving the academic achievement of their best students are also the ones who boost their earnings the most. On the contrary, for low ability students the academic and labor market returns of teachers are largely uncorrelated. We also find that professors who are good at teaching high ability students are often not the best teachers for the least able ones. These findings can be rationalized in a model where teaching is a multi-dimensional activity with each dimension having differential returns on the students' academic outcomes and labor market success.

Suggested Citation

  • Braga, Michela & Paccagnella, Marco & Pellizzari, Michele, 2014. "The Academic and Labor Market Returns of University Professors," IZA Discussion Papers 7902, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp7902
    as

    Download full text from publisher

    File URL: https://docs.iza.org/dp7902.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Braga, Michela & Paccagnella, Marco & Pellizzari, Michele, 2014. "Evaluating students’ evaluations of professors," Economics of Education Review, Elsevier, vol. 41(C), pages 71-88.
    2. Angrist, Joshua D. & Guryan, Jonathan, 2008. "Does teacher testing raise teacher quality? Evidence from state certification requirements," Economics of Education Review, Elsevier, vol. 27(5), pages 483-503, October.
    3. Raj Chetty & John N. Friedman & Nathaniel Hilger & Emmanuel Saez & Diane Whitmore Schanzenbach & Danny Yagan, 2011. "How Does Your Kindergarten Classroom Affect Your Earnings? Evidence from Project Star," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(4), pages 1593-1660.
    4. Giacomo De Giorgi & Michele Pellizzari & William Gui Woolston, 2012. "Class Size And Class Heterogeneity," Journal of the European Economic Association, European Economic Association, vol. 10(4), pages 795-830, August.
    5. Raj Chetty & John N. Friedman & Jonah E. Rockoff, 2011. "The Long-Term Impacts of Teachers: Teacher Value-Added and Student Outcomes in Adulthood," NBER Working Papers 17699, National Bureau of Economic Research, Inc.
    6. Eric P. Bettinger & Bridget Terry Long, 2010. "Does Cheaper Mean Better? The Impact of Using Adjunct Instructors on Student Outcomes," The Review of Economics and Statistics, MIT Press, vol. 92(3), pages 598-613, August.
    7. Scott E. Carrell & James E. West, 2010. "Does Professor Quality Matter? Evidence from Random Assignment of Students to Professors," Journal of Political Economy, University of Chicago Press, vol. 118(3), pages 409-432, June.
    8. Esther Duflo & Rema Hanna & Stephen P. Ryan, 2012. "Incentives Work: Getting Teachers to Come to School," American Economic Review, American Economic Association, vol. 102(4), pages 1241-1278, June.
    9. Oriana Bandiera & Valentino Larcinese & Imran Rasul, 2010. "Heterogeneous Class Size Effects: New Evidence from a Panel of University Students," Economic Journal, Royal Economic Society, vol. 120(549), pages 1365-1398, December.
    10. Daniel Aaronson & Lisa Barrow & William Sander, 2007. "Teachers and Student Achievement in the Chicago Public High Schools," Journal of Labor Economics, University of Chicago Press, vol. 25(1), pages 95-135.
    11. William E. Becker & William Bosshardt & Michael Watts, 2012. "How Departments of Economics Evaluate Teaching," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(3), pages 325-333, July.
    12. Brown, Byron W. & Saks, Daniel H., 1987. "The microeconomics of the allocation of teachers' time and student learning," Economics of Education Review, Elsevier, vol. 6(4), pages 319-332, August.
    13. Joshua D. Angrist & Victor Lavy, 1999. "Using Maimonides' Rule to Estimate the Effect of Class Size on Scholastic Achievement," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(2), pages 533-575.
    14. Ronald G. Ehrenberg & Liang Zhang, 2005. "Do Tenured and Tenure-Track Faculty Matter?," Journal of Human Resources, University of Wisconsin Press, vol. 40(3).
    15. Giacomo De Giorgi & Michele Pellizzari & Silvia Redaelli, 2010. "Identification of Social Interactions through Partially Overlapping Peer Groups," American Economic Journal: Applied Economics, American Economic Association, vol. 2(2), pages 241-275, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maia Güell & Michele Pellizzari & Giovanni Pica & José V. Rodríguez Mora, 2018. "Correlating Social Mobility and Economic Outcomes," Economic Journal, Royal Economic Society, vol. 128(612), pages 353-403, July.
    2. Ali Palali & Roel van Elk & Jonneke Bolhaar & Iryna Rud, 2017. "Are good researchers also good teachers? The relationship between research quality and teaching quality," CPB Discussion Paper 347.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Pieter De Vlieger & Brian Jacob & Kevin Stange, 2018. "Measuring Instructor Effectiveness in Higher Education," NBER Chapters, in: Productivity in Higher Education, pages 209-258, National Bureau of Economic Research, Inc.
    4. Brodaty, Thibault & Gurgand, Marc, 2016. "Good peers or good teachers? Evidence from a French University," Economics of Education Review, Elsevier, vol. 54(C), pages 62-78.
    5. Babin, J. Jobu & Hussey, Andrew, 2023. "Gender penalties and solidarity — Teaching evaluation differentials in and out of STEM," Economics Letters, Elsevier, vol. 226(C).
    6. Palali, Ali & van Elk, Roel & Bolhaar, Jonneke & Rud, Iryna, 2018. "Are good researchers also good teachers? The relationship between research quality and teaching quality," Economics of Education Review, Elsevier, vol. 64(C), pages 40-49.
    7. Rodríguez, Rosa & Rubio, Gonzalo, 2016. "Teaching quality and academic research," International Review of Economics Education, Elsevier, vol. 23(C), pages 10-27.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michela Braga & Marco Paccagnella & Michele Pellizzari, 2016. "The Impact of College Teaching on Students’ Academic and Labor Market Outcomes," Journal of Labor Economics, University of Chicago Press, vol. 34(3), pages 781-822.
    2. Braga, Michela & Paccagnella, Marco & Pellizzari, Michele, 2014. "Evaluating students’ evaluations of professors," Economics of Education Review, Elsevier, vol. 41(C), pages 71-88.
    3. Marta De Philippis, 2021. "Multi-Task Agents and Incentives: The Case of Teaching and Research for University Professors," The Economic Journal, Royal Economic Society, vol. 131(636), pages 1643-1681.
    4. Scott E. Carrell & Michal Kurlaender, 2023. "My Professor Cares: Experimental Evidence on the Role of Faculty Engagement," American Economic Journal: Economic Policy, American Economic Association, vol. 15(4), pages 113-141, November.
    5. Rodríguez, Rosa & Rubio, Gonzalo, 2016. "Teaching quality and academic research," International Review of Economics Education, Elsevier, vol. 23(C), pages 10-27.
    6. Vincenzo Andrietti & Xuejuan Su, 2019. "Education curriculum and student achievement: theory and evidence," Education Economics, Taylor & Francis Journals, vol. 27(1), pages 4-19, January.
    7. Maarten Goos & Anna Salomons, 2017. "Measuring teaching quality in higher education: assessing selection bias in course evaluations," Research in Higher Education, Springer;Association for Institutional Research, vol. 58(4), pages 341-364, June.
    8. Eric P. Bettinger & Bridget Terry Long, 2018. "Mass Instruction or Higher Learning? The Impact of College Class Size on Student Retention and Graduation," Education Finance and Policy, MIT Press, vol. 13(1), pages 97-118, Winter.
    9. Angelo Antoci & Irene Brunetti & Pierluigi Sacco & Mauro Sodini, 2017. "Student Evaluation of Teaching (SET), social influence dynamics, and teachers' choices: An evolutionary model," Discussion Papers 2017/225, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    10. Tian, Zhilei & Wei, Yi & Li, Fang, 2019. "Who are better teachers? The effects of tenure-track and part-time faculty on student achievement," China Economic Review, Elsevier, vol. 53(C), pages 140-151.
    11. Wayne A Grove x & Stephen Wu, 2011. "Factors Influencing Student Performance in Economics: Class and Instructor Characteristics," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 33, Edward Elgar Publishing.
    12. Angelo Antoci & Irene Brunetti & Pierluigi Sacco & Mauro Sodini, 2021. "Student evaluation of teaching, social influence dynamics, and teachers’ choices: An evolutionary model," Journal of Evolutionary Economics, Springer, vol. 31(1), pages 325-348, January.
    13. Bettinger, Eric & Doss, Christopher & Loeb, Susanna & Rogers, Aaron & Taylor, Eric, 2017. "The effects of class size in online college courses: Experimental evidence," Economics of Education Review, Elsevier, vol. 58(C), pages 68-85.
    14. Pieter De Vlieger & Brian Jacob & Kevin Stange, 2018. "Measuring Instructor Effectiveness in Higher Education," NBER Chapters, in: Productivity in Higher Education, pages 209-258, National Bureau of Economic Research, Inc.
    15. Vegas, E & Ganimian, A. J., 2013. "Theory and Evidence on Teacher Policies in Developed and Developing Countries," Working Paper 104291, Harvard University OpenScholar.
    16. Scott E. Carrell & James E. West, 2010. "Does Professor Quality Matter? Evidence from Random Assignment of Students to Professors," Journal of Political Economy, University of Chicago Press, vol. 118(3), pages 409-432, June.
    17. Rieger, Matthias & Voorvelt, Katherine, 2016. "Gender, ethnicity and teaching evaluations: Evidence from mixed teaching teamsAuthor-Name: Wagner, Natascha," Economics of Education Review, Elsevier, vol. 54(C), pages 79-94.
    18. Jesse Rothstein, 2015. "Teacher Quality Policy When Supply Matters," American Economic Review, American Economic Association, vol. 105(1), pages 100-130, January.
    19. Kara, Elif & Tonin, Mirco & Vlassopoulos, Michael, 2021. "Class size effects in higher education: Differences across STEM and non-STEM fields," Economics of Education Review, Elsevier, vol. 82(C).
    20. Kugler Franziska & Schwerdt Guido & Wößmann Ludger, 2014. "Ökonometrische Methoden zur Evaluierung kausaler Effekte der Wirtschaftspolitik," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 15(2), pages 105-132, June.

    More about this item

    Keywords

    higher education; teacher quality;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • M55 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Contracting Devices

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp7902. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.