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Graduate Returns, Degree Class Premia and Higher Education Expansion in the UK. CEP Discussion Paper No. 1392

Authors :
London School of Economics and Political Science (United Kingdom), Centre for Economic Performance (CEP)
Naylor, Robin
Smith, Jeremy
Telhaj, Shqiponja
Source :
Centre for Economic Performance. 2015.
Publication Year :
2015

Abstract

We investigate the extent to which graduate returns vary according to the class of degree achieved by UK university students and examine changes over time in estimated degree class premia. Using a variety of complementary datasets for individuals born in Britain around 1970 and aged between 30 and 40, we estimate an hourly wage premium for a "good" (relative to a "lower") class of degree of 7% to 9%, implying a wide spread around the average graduate premium. We also estimate the premium for a good relative to a lower degree for different cohorts (those born between the mid-1960s and early-1980s) and find evidence that the premium for a good degree has risen over time as the proportions of cohorts participating in higher education have increased. Tables and a list of university types are appended.

Details

Language :
English
ISSN :
2042-2695
Database :
ERIC
Journal :
Centre for Economic Performance
Publication Type :
Report
Accession number :
ED574326
Document Type :
Reports - Research