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

Ian Walker (ian.walker@lancaster.ac.uk) and Yu Zhu

Studies in Economics from School of Economics, University of Kent

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. This implies 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 J30 (search for similar items in EconPapers)
Date: 2008-10
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Citations: View citations in EconPapers (100)

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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:ukc:ukcedp:0809

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