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The college wage premium and the expansion of higher education in the UK

Research output: Contribution to Journal/MagazineJournal articlepeer-review

<mark>Journal publication date</mark>2008
<mark>Journal</mark>The Scandinavian Journal of Economics
Issue number4
Number of pages15
Pages (from-to)695-709
Publication StatusPublished
<mark>Original language</mark>English


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.