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. 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.
| Original language | English |
|---|---|
| Pages (from-to) | 695-709 |
| Number of pages | 15 |
| Journal | Scandinavian Journal of Economics |
| Volume | 110 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 28 Nov 2008 |
Keywords
- College premium
- Higher education
- Human capital
ASJC Scopus subject areas
- Economics and Econometrics