This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a multifactor error structure. The basic idea is to exploit information regarding the unobserved factors that are shared by other time series in addition to the variable under...

We discuss how a schooling system's structure may imply that private school enrolment leads to worse subsequent performance in further education or in the labour market, and we seek evidence of such phenomena in Italian data. If students differ not only in terms of their families' ability to pay...

This paper studies the role of the expansion of higher education (HE) in increasing the equality of tertiary education opportunities. It examines Italy's experience during the 1990s, when policy changes prompted HE institutions to offer a wider range of degrees and to open new sites in...