The College Wage Premium and the Expansion of Higher Education in the UK
نویسندگان
چکیده
This paper reports estimates of the UK “college premium” for young graduates across successive cohorts from large cross section datasets for the UK pooled from 1994 to 2006 a period when the higher education participation rate increased dramatically. This implies that graduate supply considerably outstripped demand which ought to imply a fall in the premium. We find no significant fall for men and even a large, but insignificant, rise for women. Quantile regression results reveal a fall in the premium only for men in the bottom quartile of the distribution of unobserved skills.
منابع مشابه
The College Wage Premium, Overeducation, and the Expansion of Higher Education in the UK
The College Wage Premium, Overeducation, and the Expansion of Higher Education in the UK This paper provides findings from the UK Labour Force Surveys from 1996 to 2003 on the financial private returns to a degree – the “college premium”. The data covers a decade when the university participation rate doubled – yet we find no significant evidence that the mean return to a degree dropped in resp...
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