University Quality and Labour Market Outcomes of Canadian Youth
Joniada Milla
No 1212, Working Papers from University of Guelph, Department of Economics and Finance
Abstract:
This paper estimates the wage returns to the Canadian university reputation and quality by using the Maclean's magazine Best Overall Reputation ranking and a quality ranking based on an index constructed by the Principal Component Analysis of a set of university characteristics. The main data source is Youth in Transition Survey and the outcome of interest is the hourly wage rate of Canadian youth between 2003-2005. Using matching methods we draw some main results from this analysis. First, we find that returns to having a Bachelor's degree from a higher versus lower ranking university is 10.3% for women and 13.4% for men. The returns are higher when comparing the wages in the top and bottom tails of the reputation ranking distribution. Second, there are returns to university quality but the results are mixed. Third, the ranking premiums are higher for men than women. The results are robust through different specifications, sample exclusions and estimators.
Keywords: Returns to Education; University Quality; Reputation; Wage Rates (search for similar items in EconPapers)
JEL-codes: C21 I21 J16 J30 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012
New Economics Papers: this item is included in nep-edu and nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:gue:guelph:2012-12
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