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Graduate returns, degree class premia and higher education expansion in the UK
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Naylor, Robin, Smith, Jeremy and Telhaj, Shqiponja (2016) Graduate returns, degree class premia and higher education expansion in the UK. Oxford Economic Papers, 68 (2). pp. 525-545. doi:10.1093/oep/gpv070 ISSN 0030-7653.
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Official URL: http://dx.doi.org/10.1093/oep/gpv070
Abstract
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 Britain 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 over time as the proportions of cohorts participating in higher education have increased.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HB Economic Theory L Education > LB Theory and practice of education > LB2300 Higher Education |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Degrees, Academic -- Economic aspects -- Great Britain, College graduates -- Supply and demand -- Research, Higher education -- Graduate students -- Salaries, etc | ||||||||
Journal or Publication Title: | Oxford Economic Papers | ||||||||
Publisher: | Oxford University Press | ||||||||
ISSN: | 0030-7653 | ||||||||
Official Date: | April 2016 | ||||||||
Dates: |
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Volume: | 68 | ||||||||
Number: | 2 | ||||||||
Page Range: | pp. 525-545 | ||||||||
DOI: | 10.1093/oep/gpv070 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 2 June 2016 | ||||||||
Date of first compliant Open Access: | 24 November 2017 |
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