Mancini, Luca (2003) Higher education in the UK and the market for labour : evidence from the Universities' Statistical Record. PhD thesis, University of Warwick.

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Abstract

The Thesis seeks to make a contribution to our current understanding of the
complex relationship between higher education and the graduate labour market in
the UK on both a methodological and policy level. Using administrative data from
the Universities' Statistical Record (USR) on complete cohorts of individual
students who left university between 1980 and 1993, the Thesis develops along
three main avenues: i) identifying the key determinants of graduates' first
destinations (Chapters 2 and 3); ii) comparing alternative indicators of
employment-related university performance and assessing their robustness to data
aggregation (Chapter 4); iii) estimating the differences in graduates' occupational
earnings by degree subject (Chapter 5).
The study on first destination considers a broad range of possible outcomes
distinguishing between temporary and permanent as well as 'graduate' and 'nongraduate'
employment, professional training and postgraduate study, involuntary
unemployment and unavailability for work. The analysis reveals significant
effects on graduates' employability associated with gender, university type,
degree subject, degree class, socio-economic background, and prior qualifications
(Chapter 2). Moreover, the impact of all the main factors affecting graduates'
early careers has a significant correlation with the business cycle (Chapter 3).
In Chapter 4 we compare employment-related university performance indicators
constructed from student-level and university-level data, respectively. Despite
student-level data on university statistics now being publicly available, institutions
are currently assessed according to indicators based on university-level data,
implicitly obtained by averaging over individuals the corresponding student-level
information. We find significant differences between the two sets of indicators
and argue that the observed discrepancies are the result of an aggregation bias. A
Monte Carlo experiment is used to test the validity of this conclusion.
Finally, Chapter 5 looks at the differences of graduates' occupational earnings by
degree subject using USR and NES data from 1980 to 1993. We discuss the issue
of self-selection of students into the subject of study and apply three alternative
modelling strategies to control for self-selection: the proxy and matching method,
propensity score matching and a simultaneous equations model accounting for
'selection on unobservables'. The evidence suggests the presence of a significant
selection bias originating from the unaccounted correlation between unobservable
individual characteristics affecting both occupational earnings and subject choice.
Moreover, the ranking of university subjects changes over time.

Item Type:	Thesis (PhD)
Subjects:	H Social Sciences > HD Industries. Land use. Labor L Education > LB Theory and practice of education > LB2300 Higher Education
Library of Congress Subject Headings (LCSH):	College graduates -- Employment -- Great Britain, Wages -- College graduates -- Great Britain, Universities' Statistical Record (Great Britain)
Official Date:	August 2003
Dates:	Date Event August 2003 Submitted
Institution:	University of Warwick
Theses Department:	Department of Economics
Thesis Type:	PhD
Publication Status:	Unpublished
Sponsors:	Economic and Social Research Council (Great Britain) (ESRC)
Extent:	viii, 272 p.
Language:	eng

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