Graduate Returns, Degree Class Premia and Higher Education Expansion in the UK
Jeremy Smith and
Shqiponja Telhaj ()
CEP Discussion Papers from Centre for Economic Performance, LSE
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.
Keywords: Graduate returns; higher education participation; ability composition (search for similar items in EconPapers)
JEL-codes: J31 J24 I23 D82 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-eur
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Journal Article: Graduate returns, degree class premia and higher education expansion in the UK (2016)
Working Paper: Graduate returns, degree class premia and higher education expansion in the UK (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1392
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