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Italian Students' Educational Investment During Post-Great Recession Period

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Summary

Banca d'Italia published Working Paper No. 1528 analyzing how economic cycles influence student aspirations and educational investments in Italy. The study uses census data on eight cohorts of high school students from 2011-2018, linked to subsequent university outcomes, measuring economic perception through student interactions with peers whose parents were unemployed. Key finding: greater exposure to classmates with unemployed parents reduces students' aspirations to pursue university studies, worsens subsequent educational outcomes, and increases dropout risk for those who do enroll.

“Le crisi economiche tendono ad avere effetti persistenti sull'accumulazione del capitale umano anche mediante un meccanismo di revisione delle aspirazioni scolastiche degli studenti.”

BdI , verbatim from source
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What changed

Banca d'Italia published Working Paper No. 1528 by Eleonora Porreca, Lucia Rizzica, and Marco Tonello, examining the relationship between economic cycles and educational investment decisions among Italian students following the Great Recession.

Affected parties include researchers, policymakers, and education sector analysts interested in human capital formation during economic downturns. The paper provides empirical evidence on how local economic conditions—as proxied by peer exposure to parental unemployment—shape educational aspirations and outcomes in the Italian school system.

Archived snapshot

Apr 21, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

N. 1528 - Una grande depressione? Aspirazioni e investimenti in capitale umano degli studenti nel periodo successivo alla Grande Recessione

Temi di discussione (Working Papers) di Eleonora Porreca, Lucia Rizzica e Marco Tonello Aprile 2026

Condividi

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Il lavoro analizza l'influenza del ciclo economico sulle aspirazioni degli studenti e sui successivi investimenti formativi. Si utilizzano dati censuari relativi a otto coorti di studenti delle scuole superiori per gli anni tra il 2011 e il 2018, collegati alle successive carriere universitarie. La stima degli effetti si basa sull'interazione degli studenti con compagni di scuola con genitori disoccupati, utilizzata come indicatore della percezione locale del ciclo economico.

Le crisi economiche tendono ad avere effetti persistenti sull'accumulazione del capitale umano anche mediante un meccanismo di revisione delle aspirazioni scolastiche degli studenti. Una maggiore esposizione a compagni con genitori disoccupati, infatti, riduce le aspirazioni degli studenti a intraprendere studi universitari, peggiora gli esiti educativi negli anni successivi e, per quelli che si iscrivono all'università, li espone a un rischio maggiore di abbandono degli studi.

Testo della pubblicazione

  1. 21 aprile 2026 N. 1528 - Una grande depressione? Aspirazioni e investimenti in capitale umano degli studenti nel periodo successivo alla Grande Recessione PDF 2 MB (testo in inglese)

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Last updated

Classification

Agency
BdI
Published
April 21st, 2026
Instrument
Notice
Branch
Executive
Source language
it
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Educational institutions Researchers
Industry sector
9211 Government & Public Administration
Activity scope
Research publication Educational outcome analysis
Geographic scope
IT IT

Taxonomy

Primary area
Education
Operational domain
Compliance
Topics
Employment & Labor Public Health

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