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Økonomisk afkast af ph.d. uddannelse: Livsindkomst og humankapital

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  • Vejrup-Hansen, Per

    (Copenhagen Business Schoo)

Abstract

Only a few studies on the economic returns to Ph.D. education have been undertaken. Based on a new kind of data, lifetime earnings and human capital by Ph.D.’s are estimated separately by identical regression models. Both measures are relative to holders of a M.Sc./M.A. degree. Based on crosssection data, the overall finding is that for most subject fields and sectors (academia, government, and business) lifetime earnings by Ph.D. graduates taken from the time of their master graduation are lower than by master graduates. As an indicator of relative human capital by Ph.D. education, accumulated salaries by Ph.D. holders are 8 percent higher than by masters.

Suggested Citation

  • Vejrup-Hansen, Per, 2010. "Økonomisk afkast af ph.d. uddannelse: Livsindkomst og humankapital," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2010(1), pages 337-352.
    • Handle: RePEc:hhs:jdaecn:0074
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    More about this item

    Keywords

    økonomi; uddannelse;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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