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In brief... The rewards for getting a good degree

Author

Listed:
  • Robin Naylor
  • Jeremy Smith
  • Shqiponja Telhaj

Abstract

It pays to study hard at university, according to research by Shqiponja Telhaj and colleagues. Their study finds that there is a significant hourly wage premium for getting a first or upper second. For graduates more than five years out of university, the wage premium for a good degree is 7-9%. Does an individual's educational achievement at university affect their pay later in life? This research looks at evidence on degree classes and UK graduate earnings during the period of expansion of higher education. It shows that as more young people get degrees, the premium for graduating with a good degree increases.

Suggested Citation

  • Robin Naylor & Jeremy Smith & Shqiponja Telhaj, 2016. "In brief... The rewards for getting a good degree," CentrePiece - The magazine for economic performance 464, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:464
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    File URL: https://cep.lse.ac.uk/pubs/download/cp464.pdf
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    More about this item

    Keywords

    graduate returns; higher education participation; ability composition;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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