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Graduate returns, degree class premia and higher education expansion in the UK
journal contribution
posted on 2023-06-09, 00:12 authored by Robin Naylor, Jeremy Smith, Shqiponja TelhajShqiponja TelhajWe 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.
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- Published
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- Published version
Journal
Oxford Economic PapersISSN
0030-7653Publisher
Oxford University PressExternal DOI
Issue
2Volume
68Page range
525-545Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2016-02-02First Compliant Deposit (FCD) Date
2021-03-04Usage metrics
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