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

Ian Walker () 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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Journal Article: The College Wage Premium and the Expansion of Higher Education in the UK* (2008) Downloads
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