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

Walker, Ian and Zhu, Yu (2008) The College Wage Premium and the Expansion of Higher Education in the UK. Scandinavian Journal of Economics, 110 (4). pp. 695-709. ISSN 0347-0520. (Full text available)

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http://dx.doi.org/10.1111/j.1467-9442.2008.00557.x

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.

Item Type: Article
Additional information: The definitive version is available at www3.interscience.wiley.com
Uncontrolled keywords: Human capital; higher education; college premium; I20; J30
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Yu Zhu
Date Deposited: 20 Apr 2009 14:13
Last Modified: 06 Sep 2011 01:47
Resource URI: http://kar.kent.ac.uk/id/eprint/15470 (The current URI for this page, for reference purposes)
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