University Selectivity and the Relative Returns to Higher Education: Evidence from the UK

Ian Walker, Yu Zhu

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    8 Citations (Scopus)
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    Abstract

    We study the wage outcomes of university graduates by course (i.e. by subject and institution) using the UK Labour Force Surveys (LFS). We that the selectivity of undergraduate degree programmes plays an important role in explaining the variation in the relative graduate wages. In fact, we find that much of the variation in relative wages across courses is due to the quality of students selected. Once we allow for course selectivity in our analysis we find that our estimates of the effects of attending the most prestigious HEIs is around 10 percentage points lower than otherwise; the effects of attending the middle ranking HEIs is around 5 percentage points lower; and that of attending these lowest ranking HEIs is unaffected. We go on to consider selection (on observables) into subjects and institutions using the Inverse Probability Weighted Regression Adjusted (IPWRA) method to estimate multiple treatment effects.
    Original languageEnglish
    Pages (from-to)230-249
    Number of pages20
    JournalLabour Economics
    Volume53
    Early online date16 May 2018
    DOIs
    Publication statusPublished - Aug 2018

    Keywords

    • College selectivity
    • Relative returns to higher education

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