Postgraduate Education, Labor Participation, and Wages: An empirical analysis using micro data from Japan (Japanese)
AbstractHuman capital is a fundamental determinant of long-run economic growth. This paper, using micro data from the Employment Status Survey in 2007, analyzes the effects of postgraduate education on labor participation and wages. According to the analysis, 1) the employment-population rates of females and elderly people with a postgraduate education is higher than those with an undergraduate education. The negative effect of marriage and spouse's income on labor participation is small for postgraduate females. 2) The relative poverty rate is lower for people with a postgraduate education. 3) The wage premium for postgraduates relative to undergraduates is about 30%, but is small for public sector workers and large for the self-employed. 4) The postgraduate wage premium is similar in magnitude for male and female workers. 5) The wage reduction after age 60 is smaller for workers with a postgraduate education. 6) The private rate of return to postgraduate education exceeds 10%. Under the trend toward advanced technology and the growing demand for human capital, postgraduate education is becoming important to vitalize the Japanese economy. At the same time, expansion of postgraduate education may contribute to increasing the labor participation of females and elderly people.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion Papers (Japanese) with number 13046.
Length: 29 pages
Date of creation: Jun 2013
Date of revision:
Contact details of provider:
Postal: 11th floor, Annex, Ministry of Economy, Trade and Industry (METI) 1-3-1, Kasumigaseki Chiyoda-ku, Tokyo, 100-8901
Web page: http://www.rieti.go.jp/
More information through EDIRC
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (NUKATANI Sorahiko).
If references are entirely missing, you can add them using this form.