Premium
THE WAGE PREMIUM FOR UNIVERSITY EDUCATION IN GREAT BRITAIN DURING A DECADE OF CHANGE *
Author(s) -
O'LEARY NIGEL C.,
SLOANE PETER J.
Publication year - 2011
Publication title -
the manchester school
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.361
H-Index - 42
eISSN - 1467-9957
pISSN - 1463-6786
DOI - 10.1111/j.1467-9957.2010.02189.x
Subject(s) - wage , economics , demographic economics , labour economics , stock (firearms) , wage growth , cohort , medicine , geography , archaeology
Using data drawn from the Labour Force Survey between 1997 and 2006, we find that the premium enjoyed by the stock of university graduates has remained largely stable over this period. This is true for both men and women, across all subject areas and across the ability distribution. However, there is evidence that wage returns for the most recent cohort, that is those graduating after much of the recent expansion of higher education had been completed, have moderated.