Variations in the wage returns to a first degree
Subtitle: evidence from the British cohort study 1970
By: by Massimiliano Bratti, Robin Naylor, Jeremy Smith.
Contributors: Naylor, R. T., 1945-; Smith, Jeremy.
Series: Discussion paper ;; no. 1631; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1631
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Description: "As in many other countries, government policy in the UK has the objective of raising the participation rate of young people in higher education, while increasing the share of the costs of higher education paid by students themselves. A rationale for the latter element comes from evidence of a high private return to university undergraduate degrees. However, much of this evidence pre-dates the rapid expansion in the graduate population. In the current paper, we use evidence from a cohort of young people born in Britain in 1970 to update influential evidence on returns to a first degree based on a previous 1958 birth cohort. We also analyse variations in returns by degree subject and by class of degree. Our analysis incorporates proxying and matching, control function and propensity score matching methods. Among other results, we find (i) that the returns to a first degree for men changed very little across the two cohorts while the return for women declined substantially and (ii) evidence of differences in returns to a first degree according to subject area of study and class of degree awarded"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 6/13/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.