Wage Returns to University Disciplines in Greece: Are Greek Higher Education Degrees Trojan Horses?

Ilias Livanos () and Konstantinos Pouliakas

No 4442, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper examines the wage returns to qualifications and academic disciplines in the Greek labour market. Exploring wage responsiveness across various degree subjects in Greece is interesting, as it is characterised by high levels of graduate unemployment, which vary considerably by field of study, and relatively low levels of wage flexibility. Using micro-data from recently available waves (2002-2003) of the Greek Labour Force Survey (LFS), the returns to academic disciplines are estimated by gender and public/private sector. Quantile regressions and cohort interactions are also used to capture the heterogeneity in wage returns across the various disciplines. The results show considerable variation in wage premiums across the fields of study, with lower returns for those that have a marginal role to play in an economy with a rising services/shrinking public sector. Educational reforms that pay closer attention to the future prospects of university disciplines are advocated.

Keywords: higher education; wage returns; academic disciplines; Greece (search for similar items in EconPapers)
JEL-codes: J24 J31 J38 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2009-09
New Economics Papers: this item is included in nep-edu and nep-lab
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Citations: View citations in EconPapers (2)

Published - published in: Education Economics, 2011, 19 (4), 411 - 445

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Journal Article: Wage returns to university disciplines in Greece: are Greek higher education degrees Trojan Horses? (2011)
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