EEEPEEconomics of Education and Education Policy in Europe
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* We would like to thank the editor, Peter Arcidiacono, two anonymous referees, Daniele Checchi, Andrea Ichino, Giovanni Mastrobuoni, Michele Pellizzari, Enrico Rettore, Lorenzo Rocco, and the audiences at seminars in Amsterdam (EEEPE), Padova, Rome La Sapienza, the 2008 SIE Conference (Perugia), and Trento for comments.
* An earlier version of this paper has been presented at the conference of the European Association of Labour Economists in Oslo, the conference of the EEEPE network in Paris, and the conference of the Norwegian Economic Association in Tromso.