IDEAS home Printed from https://ideas.repec.org/p/eti/rdpsjp/11020.html
   My bibliography  Save this paper

Comparing Annual Incomes of Science Graduates and Arts Graduates: Results of an Analysis based on JHPS Data (Japanese)

Author

Listed:
  • URASAKA Junko
  • NISHIMURA Kazuo
  • HIRATA Junichi
  • YAGI Tadashi

Abstract

This paper reviews the annual income difference between science graduates and arts graduates by using data from the Japan Household Panel Survey (JHPS) designed by the Keio University Joint Research Center for Panel Studies. The results of the study show that the average annual income of science graduates is higher than that of arts graduates in the case of males, with the former being 6,009,900 yen (average age 46) and the latter being 5,590,200 yen (average age 46). Also, the result of calculating the age-income profile for science graduates and arts graduates in a multiple-regression analysis by dividing the data into that for science graduates and that for arts graduates shows that the slope of income rises is steeper for science graduates than it is for arts graduates as age increases and that the income of science graduates from national universities is higher than that of arts graduates after age 40, although it is lower when they are younger. These results suggest that the added value created is larger for science graduates than for arts graduates. This trend is expected to become even more prevalent in a society where creative ability to produce new value will form the foundation of competitiveness. From that standpoint, it will be necessary for curricula to focus on encouraging the cultivation of science ability.

Suggested Citation

  • URASAKA Junko & NISHIMURA Kazuo & HIRATA Junichi & YAGI Tadashi, 2011. "Comparing Annual Incomes of Science Graduates and Arts Graduates: Results of an Analysis based on JHPS Data (Japanese)," Discussion Papers (Japanese) 11020, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rdpsjp:11020
    as

    Download full text from publisher

    File URL: https://www.rieti.go.jp/jp/publications/dp/11j020.pdf
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rdpsjp:11020. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (KUMAGAI, Akiko). General contact details of provider: http://edirc.repec.org/data/rietijp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.