Human capital has become a very important issue in modern economies in the last decades. Among the different definitions of human capital accumulation, vocational training stands out as one of the main topics. Local labour markets, defined as the region where people work, can constrain the set of human capital investment and the consequent permanent employment opportunities that people face. Even, people with the same characteristics, excepting region, can obtain very different permanent employment outcomes depending on where they work. This issue is estimated for Italy.