The College Wage Premium and the Expansion of Higher Education in the UK
Abstract
This paper reports estimates of the UK “college premium” for young graduates across successive cohorts from large cross section datasets for the UK pooled from 1994 to 2006 - a period when the higher education participation rate increased dramatically. The growth in relative labour demand suggests that graduate supply considerably outstripped demand which ought to imply a fall in the premium. We find no significant fall for men and even a large, but insignificant, rise for women. Quantile regression results reveal a fall in the premium only for men in the bottom quartile of the distribution of unobserved skills.Download Info
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Paper provided by Geary Institute, University College Dublin in its series Working Papers with number 200817.Length: 23 pages
Date of creation: 30 Apr 2008
Date of revision:
Handle: RePEc:ucd:wpaper:200817
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Related research
Keywords: human capital; higher education; college premium;Other versions of this item:
- Ian Walker & Yu Zhu, 2008. "The College Wage Premium and the Expansion of Higher Education in the UK," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(4), pages 695-709, December.
- Ian Walker & Yu Zhu, 2008. "The College Wage Premium and the Expansion of Higher Education in the UK," Studies in Economics 0809, Department of Economics, University of Kent.
- I20 - Health, Education, and Welfare - - Education - - - General
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-07-20 (All new papers)
- NEP-EDU-2008-07-20 (Education)
- NEP-EEC-2008-07-20 (European Economics)
- NEP-HRM-2008-07-20 (Human Capital & Human Resource Management)
- NEP-LAB-2008-07-20 (Labour Economics)
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Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Why cut university spending?
by chris dillow in Stumbling and Mumbling on 2010-02-13 12:52:52
Cited by:
- Joanne Lindley & Stephen Machin, 2011.
"Rising Wage Inequality and Postgraduate Education,"
CEP Discussion Papers
dp1075, Centre for Economic Performance, LSE.
- Lindley, Joanne & Machin, Stephen, 2011. "Rising Wage Inequality and Postgraduate Education," IZA Discussion Papers 5981, Institute for the Study of Labor (IZA).
- Colm Harmon, 2011.
"Economic Returns to Education: What We Know, What We Don’t Know, and Where We Are Going – Some Brief Pointers,"
Working Papers
201115, Geary Institute, University College Dublin.
- Dickson, Matt & Harmon, Colm, 2011. "Economic returns to education: What We Know, What We Don’t Know, and Where We Are Going—Some brief pointers," Economics of Education Review, Elsevier, vol. 30(6), pages 1118-1122.
- Harmon, Colm P., 2011. "Economic Returns to Education: What We Know, What We Don't Know, and Where We Are Going – Some Brief Pointers," IZA Policy Papers 29, Institute for the Study of Labor (IZA).
- Lindley, Joanne & Machin, Stephen, 2012.
"The Quest for More and More Education: Implications for Social Mobility,"
IZA Discussion Papers
6581, Institute for the Study of Labor (IZA).
- Joanne Lindley & Stephen Machin, 2012. "The Quest for More and More Education: Implications for Social Mobility," Fiscal Studies, Institute for Fiscal Studies, vol. 33(2), pages 265-286, 06.
- Peng, Fei & Kang, Lili, 2012. "Labour market institutions and skill premiums: an empirical analysis on the UK 1972-2002," MPRA Paper 38541, University Library of Munich, Germany.
- Piper, Alan T., 2012. "A Happiness Test of Human Capital Theory," MPRA Paper 43496, University Library of Munich, Germany.
- Jan Kleibrink & Maren M. Michaelsen, 2012. "Reaching High: Occupational Sorting and Higher Education Wage Inequality in the UK," Ruhr Economic Papers 0377, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- P. Charnoz & É. Coudin & M. Gaini, 2011. "Wage inequalities in France 1976-2004: a quantile regression analysis," Documents de Travail de la DESE - Working Papers of the DESE g2011-06, Institut National de la Statistique et des Etudes Economiques, DESE.
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