TY - JOUR

T1 - The college wage premium and the expansion of higher education in the UK

AU - Walker, I

AU - Zhu, Y

PY - 2008

Y1 - 2008

N2 - 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.

AB - 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.

U2 - 10.1111/j.1467-9442.2008.00557.x

DO - 10.1111/j.1467-9442.2008.00557.x

M3 - Journal article

VL - 110

SP - 695

EP - 709

JO - The Scandinavian Journal of Economics

JF - The Scandinavian Journal of Economics

SN - 0347-0520

IS - 4

ER -