The College Wage Premium and the Expansion of Higher Education in the UK

Ian Walker () and Yu Zhu

No 200817, Working Papers from Geary Institute, University College Dublin

Abstract: This paper reports estimates of the UK “college premium” for young graduates across successive cohorts from large cross section datasets for the UK pooled from 1994 to 2006 - a period when the higher education participation rate increased dramatically. The growth in relative labour demand suggests that graduate supply considerably outstripped demand which ought to imply a fall in the premium. We find no significant fall for men and even a large, but insignificant, rise for women. Quantile regression results reveal a fall in the premium only for men in the bottom quartile of the distribution of unobserved skills.

Keywords: human capital; higher education; college premium (search for similar items in EconPapers)
JEL-codes: I20 J3 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2008-04-30
New Economics Papers: this item is included in nep-edu, nep-eec, nep-hrm and nep-lab
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Citations: View citations in EconPapers (116)

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http://www.ucd.ie/geary/static/publications/workingpapers/gearywp200817.pdf First version, 2008 (application/pdf)

Related works:
Journal Article: The College Wage Premium and the Expansion of Higher Education in the UK (2008)
Working Paper: The College Wage Premium and the Expansion of Higher Education in the UK (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:200817

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