Graduate returns, degree class premia and higher education expansion in the UK

Robin Naylor, Jeremy Smith and Shqiponja Telhaj

Oxford Economic Papers, 2016, vol. 68, issue 2, 525-545

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 the UK 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.

Date: 2016
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Citations: View citations in EconPapers (16)

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Working Paper: Graduate Returns, Degree Class Premia and Higher Education Expansion in the UK (2015)
Working Paper: Graduate returns, degree class premia and higher education expansion in the UK (2015)
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