The return to master’s degree in the Russian labor market

K. V. Rozhkova (), S. Y. Roshchin (), Sergey Solntsev and P. V. Travkin ()

Voprosy Ekonomiki, 2021, issue 8

Abstract: Though master’s programmes are rapidly gaining attention from students, evidence concerning the labor market returns to master’s degree remains scarce. There is a widespread opinion that Russian employers can barely distinguish between graduates with bachelor’s and master’s degree making it unreasonable to pursue a graduate degree. This paper contradicts this opinion. Based on a unique administrative dataset about employment of Russian HEI graduates in 2020, this study reveals a significantly positive association between master’s degree acquisition and labour market outcomes one year after graduation. Master’s degree increases probability of employment by 3—8% in male sample and by 10—16% in female sample, respectively. Moreover, graduate degree is associated with a wage premium of 5—21% for females and 2—11% for males. Despite a short period of time passed after the Bologna reform, Russian labour market encourages having a graduate degree, though the size of the premium varies drastically between fields of study and types of university.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2021:id:3451

DOI: 10.32609/0042-8736-2021-8-69-92

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