The rising postgraduate wage premium

Despite post-college degree holders now making up nearly 15% of the US adult workforce, studies of their labour market performance remain sparse. This is surprising given that they are the most educated group in the labour force and as, over time, they have done significantly better than all other e...

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Veröffentlicht in:	Economica (London) 2016-04, Vol.83 (330), p.281-306
Hauptverfasser:	Lindley, Joanne, Machin, Stephen
Format:	Artikel
Sprache:	eng
Schlagworte:	Absolvent Academic degrees Arbeitsmarkt Berufswahl Bildungsertrag Educational attainment Erwerbsverlauf Graduate students Labor Labor market Labour market Level of education Lohnhöhe Lohnstruktur Occupational status Segmentierung Studies United States USA Wage differential Wages & salaries
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Zusammenfassung:	Despite post-college degree holders now making up nearly 15% of the US adult workforce, studies of their labour market performance remain sparse. This is surprising given that they are the most educated group in the labour force and as, over time, they have done significantly better than all other education groups. We show a significant rise over time in the postgraduate wage premium, reflecting an increased relative demand due to their superior skill sets and occupational status. The increase in the demand for postgraduates is a key factor behind rising wage inequality within the increasingly heterogeneous college graduate workforce.
ISSN:	0013-0427 1468-0335 1468-0335
DOI:	10.1111/ecca.12184