This paper uses British Household Panel Survey (BHPS) data from 1991 to 2002 to assess the extent to which labour market returns have been affected by changes in the nature of educational supply. We find that whilst there have been substantial shifts in the returns to schooling over the period, these effects are much more pronounced for younger workers. The most notable change was the complete elimination of the premium for GCSE’s over no qualifications for both males and females under 30, and the fall in the returns to vocational degrees for young males. The disappearance of the GCSE premium, which is linked to a rising demand for low qualified workers, was found to temper the rise in inequality whilst the rise in educational participation was found to substantially increase male graduate wage dispersion.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Economic Research Institute of Northern Ireland in its series Working Papers ERINI with number
6.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: