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Graduate returns, degree class premia and higher education expansion in the UK

Naylor, Robin, Smith, Jeremy and Telhaj, Shqiponja (2015) Graduate returns, degree class premia and higher education expansion in the UK. CEP Discussion Paper (1392). London School of Economics and Political Science, CEP, London, UK.

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Abstract

We investigate the extent to which graduate returns vary according to the class of degree achieved by UK university students and examine changes over time in estimated degree class premia. Using a variety of complementary datasets for individuals born in Britain around 1970 and aged between 30 and 40, we estimate an hourly wage premium for a ‘good’ (relative to a ‘lower’) class of degree of 7% to 9%, implying a wide spread around the average graduate premium. We also estimate the premium for a good relative to a lower degree for different cohorts (those born between the mid-1960s and early-1980s) and find evidence that the premium for a good degree has risen over time as the proportions of cohorts participating in higher education have increased.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2015 The Authors
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
L Education > L Education (General)
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 12 Apr 2016 15:48
Last Modified: 17 Aug 2019 23:26
URI: http://eprints.lse.ac.uk/id/eprint/66056

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