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Cohort Effects in Annual Earnings by Field of Study Among British Columbia University Graduates

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  • Heisz, Andrew
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    Abstract

    Using a dataset which combines the 1982-1997 tax records and administrative records of British Columbia bachelor's graduates from the classes of 1974-1996, this study examine the real annual earnings of graduates across 20 major fields of study for significant changes in earnings across cohorts. Male graduates in more recent cohorts had lower mean earnings after graduation but higher returns to experience. Recent cohorts of women graduates had equal earnings levels after graduation and higher returns to experience. Mean earnings differed among fields of study, favouring applied degrees in teacher training, commerce, engineering, nursing and medical sciences, but cohort effects were statistically identical for graduates from all fields of study. These results show no evidence of a major change in earnings consistent with a decline in returns to a university education, or a shift in demand favouring specific degrees.

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    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11F0019M2003200&ObjType=46&lang=en&limit=0
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    Bibliographic Info

    Paper provided by Statistics Canada, Analytical Studies Branch in its series Analytical Studies Branch Research Paper Series with number 2003200e.

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    Date of creation: 26 Sep 2003
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    Handle: RePEc:stc:stcp3e:2003200e

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    Related research

    Keywords: Education; training and learning; Fields of study; Job training and educational attainment; Labour; Outcomes of education; Wages; salaries and other earnings;

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    1. Paul Beaudry & David Green, 1997. "Cohort Patterns in Canadian Earnings: Assessing the Role of Skill Premia in Inequality Trends," NBER Working Papers 6132, National Bureau of Economic Research, Inc.
    2. Heisz, Andrew, 2001. "Income Prospects of British Columbia University Graduates," Analytical Studies Branch Research Paper Series, Statistics Canada, Analytical Studies Branch 2001170e, Statistics Canada, Analytical Studies Branch.
    3. Kevin M. Murphy & W. Craig Riddell & Paul M. Romer, 1998. "Wages, Skills, and Technology in the United States and Canada," NBER Working Papers 6638, National Bureau of Economic Research, Inc.
    4. Steven J. Davis, 1992. "Cross-Country Patterns of Change in Relative Wages," NBER Chapters, National Bureau of Economic Research, Inc, in: NBER Macroeconomics Annual 1992, Volume 7, pages 239-300 National Bureau of Economic Research, Inc.
    5. Dan A. Black & Seth Sanders & Lowell Taylor, 2003. "The Economic Reward for Studying Economics," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 41(3), pages 365-377, July.
    6. Card, David, 1999. "The causal effect of education on earnings," Handbook of Labor Economics, Elsevier, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 30, pages 1801-1863 Elsevier.
    7. Juhn, Chinhui & Murphy, Kevin M & Pierce, Brooks, 1993. "Wage Inequality and the Rise in Returns to Skill," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 101(3), pages 410-42, June.
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