The college wage premium and the expansion of higher education in the UK

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Title: The college wage premium and the expansion of higher education in the UK
Authors: Walker, Ian
Zhu, Yu
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Date: 8-Jul-2008
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.
Funding Details: Leverhulme Trust
Type of material: Working Paper
Publisher: University College Dublin. Geary Institute
Series/Report no.: UCD Geary Institute Discussion Paper Series; WP/17/2008
Keywords: Human capitalHigher educationCollege premium
Subject LCSH: Wages--College graduates--Great Britain
Wages--Effect of education on--Great Britain
College graduates--Supply and demand--Great Britain
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Language: en
Status of Item: Not peer reviewed
Appears in Collections:Geary Institute Working Papers

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