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The College Wage Premium and the Expansion of Higher Education in the UK

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  • Ian Walker
  • Yu Zhu

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. Copyright © The editors of the "Scandinavian Journal of Economics" 2008 .

Suggested Citation

  • 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.
  • Handle: RePEc:bla:scandj:v:110:y:2008:i:4:p:695-709
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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