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

被引：91
|
作者：
Walker, Ian [1 ]
Zhu, Yu [2 ]
机构：
[1] Univ Lancaster, Sch Management, Lancaster LA1 4YX, England
[2] Univ Kent, Canterbury CT2 7NZ, Kent, England
来源：
SCANDINAVIAN JOURNAL OF ECONOMICS | 2008年 / 110卷 / 04期
关键词：
Human capital; higher education; college premium; I20; J30;
D O I：
10.1111/j.1467-9442.2008.00557.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页码：695 / 709
页数：15
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