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University quality and labour market outcomes

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  • Seamus McGuinness

Abstract

This paper uses proxies for university quality derived from the Research Assessment Exercise and the Teaching Quality Assurance Agency to assess the impact of university quality on the labour market outcomes of a cohort of UK graduates. The impacts on job quality and earnings were mainly limited to graduates in particular disciplines or those obtaining 'poor' degrees from 'good' universities. The results suggest that, after controlling for pre-entry qualifications, labour market outcomes for most graduates depended more on the subject studied and degree classification awarded than on the university attended.

Suggested Citation

  • Seamus McGuinness, 2003. "University quality and labour market outcomes," Applied Economics, Taylor & Francis Journals, vol. 35(18), pages 1943-1955.
  • Handle: RePEc:taf:applec:v:35:y:2003:i:18:p:1943-1955
    DOI: 10.1080/0003684032000158442
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    References listed on IDEAS

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    1. Belfield, C. R. & Fielding, A., 2001. "Measuring the relationship between resources and outcomes in higher education in the UK," Economics of Education Review, Elsevier, vol. 20(6), pages 589-602, December.
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    7. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
    8. Robst, John, 1995. "College quality and overeducation," Economics of Education Review, Elsevier, vol. 14(3), pages 221-228, September.
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    11. Sicherman, Nachum, 1991. ""Overeducation" in the Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 9(2), pages 101-122, April.
    12. S. Mcguinness, 2003. "Graduate overeducation as a sheepskin effect: evidence from Northern Ireland," Applied Economics, Taylor & Francis Journals, vol. 35(5), pages 597-608.
    13. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, Oxford University Press, vol. 87(3), pages 355-374.
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    Cited by:

    1. Zara Daghbashyan & Björn Hårsman, 2014. "University choice and entrepreneurship," Small Business Economics, Springer, vol. 42(4), pages 729-746, April.
    2. Daniel Erdsiek, 2016. "Overqualification of graduates: assessing the role of family background
      [Überqualifikation von Hochschulabsolventen: Welche Rolle spielt der familiäre Hintergrund?]
      ," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 49(3), pages 253-268, November.
    3. Sandulli, Francesco D. & Baker, Paul M.A. & López-Sánchez, José I., 2013. "Can small and medium enterprises benefit from skill-biased technological change?," Journal of Business Research, Elsevier, vol. 66(10), pages 1976-1982.
    4. Koda, Yoshiko & Yuki, Takako, 2013. "The labor market outcomes of two forms of cross-border higher education degree programs between Malaysia and Japan," International Journal of Educational Development, Elsevier, vol. 33(4), pages 367-379.
    5. Aleksander Kucel & Montserrat Vilalta-Bufi, 2012. "Why do university graduates regret their study program? A comparison between Spain and the Netherlands," Working Papers in Economics 279, Universitat de Barcelona. Espai de Recerca en Economia.
    6. Patrizia Ordine & Giuseppe Rose, 2011. "Educational Mismatch and Wait Unemployment," Working Papers 19, AlmaLaurea Inter-University Consortium.
    7. Ordine, Patrizia & Rose, Giuseppe, 2011. "Inefficient self-selection into education and wage inequality," Economics of Education Review, Elsevier, vol. 30(4), pages 582-597, August.
    8. Perkmann, Markus & King, Zella & Pavelin, Stephen, 2011. "Engaging excellence? Effects of faculty quality on university engagement with industry," Research Policy, Elsevier, vol. 40(4), pages 539-552, May.
    9. Kelly, Elish & O'Connell, Philip J. & Smyth, Emer, 2010. "The economic returns to field of study and competencies among higher education graduates in Ireland," Economics of Education Review, Elsevier, vol. 29(4), pages 650-657, August.
    10. Emanuele Ciani & Vincenzo Mariani, 2014. "How the labour market evaluates Italian universities," Questioni di Economia e Finanza (Occasional Papers) 247, Bank of Italy, Economic Research and International Relations Area.
    11. Koda, Yoshiko & Yuki, Takako, 2012. "The Labor Market Outcomes of Two Forms of Cross-Border Higher Education Degree Programs between Malaysia and Japan," Working Papers 41, JICA Research Institute.
    12. Darragh Flannery & John Cullinan, 2013. "Where they go, what they do and why it matters: The importance of geographic accessibility and social class for decisions relating to higher education institution type, degree level and field of study," Working Papers WP042013, University of Limerick, Department of Economics, revised May 2013.
    13. Carroll, David & Heaton, Christopher & Tani, Massimiliano, 2014. "Returns to University Quality in Australia: A Two-Stage Analysis," IZA Discussion Papers 8473, Institute for the Study of Labor (IZA).
    14. repec:eur:ejlsjr:68 is not listed on IDEAS
    15. Mavromaras, Kostas & McGuinness, Seamus, 2012. "Overskilling dynamics and education pathways," Economics of Education Review, Elsevier, vol. 31(5), pages 619-628.

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