Graduate returns, degree class premia and higher education expansion in the UK
We investigate the extent to which graduate returns vary according to the class of degree achieved by UK university students, and examine changes over time in estimated degree class premia. Using a variety of complementary datasets for individuals born in the UK around 1970 and aged between 30 and 4...
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| Veröffentlicht in: | Oxford economic papers 2016-04, Vol.68 (2), p.525-545 |
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| container_title | Oxford economic papers |
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| creator | Naylor, Robin A Smith, Jeremy Telhaj, Shqiponja |
| description | We investigate the extent to which graduate returns vary according to the class of degree achieved by UK university students, and examine changes over time in estimated degree class premia. Using a variety of complementary datasets for individuals born in the UK around 1970 and aged between 30 and 40, we estimate an hourly wage premium for a 'good' (relative to a 'lower') class of degree of 7% to 9%, implying a wide spread around the average graduate premium. We also estimate the premium for a good relative to a lower degree for different cohorts (those born between the mid-1960s and early 1980s), and find evidence that the premium for a good degree has risen overtime as the proportions of cohorts participating in higher education have increased. |
| doi_str_mv | 10.1093/oep/gpv070 |
| format | Article |
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| ispartof | Oxford economic papers, 2016-04, Vol.68 (2), p.525-545 |
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| language | eng |
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| source | JSTOR Archive Collection A-Z Listing; Oxford University Press Journals All Titles (1996-Current) |
| subjects | Absolvent Academic degrees Bildungsertrag Bildungsverhalten Großbritannien Higher education Hochschule Studies United Kingdom University students Wages & salaries |
| title | Graduate returns, degree class premia and higher education expansion in the UK |
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