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The college wage premium and the expansion of higher education in the UK
Author(s)
Date Issued
2008-07-08
Date Available
2009-11-23T11:15:47Z
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.
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.
Sponsorship
Leverhulme Trust
Type of Material
Working Paper
Publisher
University College Dublin. Geary Institute
Series
UCD Geary Institute Discussion Paper Series
WP/17/2008
Classification
I20
J3
Subject – LCSH
Wages--College graduates--Great Britain
Wages--Effect of education on--Great Britain
College graduates--Supply and demand--Great Britain
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
File(s)
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gearywp200817.pdf
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205.67 KB
Format
Adobe PDF
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