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  • college selectivity Final resubmission 090518

    Rights statement: This is the author’s version of a work that was accepted for publication in Labour Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Labour Economics, 53, 2018 DOI: 10.1016/j.labeco.2018.05.005

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University selectivity and the relative returns to higher education: Evidence from the UK

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University selectivity and the relative returns to higher education : Evidence from the UK. / Walker, Ian; Zhu, Yu.

In: Labour Economics, Vol. 53, 08.2018, p. 230-249.

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Walker I, Zhu Y. University selectivity and the relative returns to higher education: Evidence from the UK. Labour Economics. 2018 Aug;53:230-249. Epub 2018 May 16. doi: 10.1016/j.labeco.2018.05.005

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Bibtex

@article{d1542138d87a41929b596248faed78b3,
title = "University selectivity and the relative returns to higher education: Evidence from the UK",
abstract = "We study the wage outcomes of university graduates by course (i.e. by subject and institution) using the UK Labour Force Surveys (LFS). We show that the selectivity of undergraduate degree programmes plays an important role in explaining the variation in the relative graduate wages. In fact, we find that much of the variation in relative wages across courses is due to the quality of students selected. Once we allow for course selectivity in our analysis we find that our estimates of the effects of attending the most prestigious HEIs is around 10 percentage points lower than otherwise; the effects of attending the middle ranking HEIs is around 5 percentage points lower; and that of attending these lowest ranking HEIs is unaffected. We go on to consider selection (on observables) into subjects and institutions using the Inverse Probability Weighted Regression Adjusted (IPWRA) method to estimate multiple treatment effects.",
keywords = "College selectivity, Relative returns to higher education",
author = "Ian Walker and Yu Zhu",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in Labour Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Labour Economics, 53, 2018 DOI: 10.1016/j.labeco.2018.05.005",
year = "2018",
month = aug,
doi = "10.1016/j.labeco.2018.05.005",
language = "English",
volume = "53",
pages = "230--249",
journal = "Labour Economics",
issn = "0927-5371",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - University selectivity and the relative returns to higher education

T2 - Evidence from the UK

AU - Walker, Ian

AU - Zhu, Yu

N1 - This is the author’s version of a work that was accepted for publication in Labour Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Labour Economics, 53, 2018 DOI: 10.1016/j.labeco.2018.05.005

PY - 2018/8

Y1 - 2018/8

N2 - We study the wage outcomes of university graduates by course (i.e. by subject and institution) using the UK Labour Force Surveys (LFS). We show that the selectivity of undergraduate degree programmes plays an important role in explaining the variation in the relative graduate wages. In fact, we find that much of the variation in relative wages across courses is due to the quality of students selected. Once we allow for course selectivity in our analysis we find that our estimates of the effects of attending the most prestigious HEIs is around 10 percentage points lower than otherwise; the effects of attending the middle ranking HEIs is around 5 percentage points lower; and that of attending these lowest ranking HEIs is unaffected. We go on to consider selection (on observables) into subjects and institutions using the Inverse Probability Weighted Regression Adjusted (IPWRA) method to estimate multiple treatment effects.

AB - We study the wage outcomes of university graduates by course (i.e. by subject and institution) using the UK Labour Force Surveys (LFS). We show that the selectivity of undergraduate degree programmes plays an important role in explaining the variation in the relative graduate wages. In fact, we find that much of the variation in relative wages across courses is due to the quality of students selected. Once we allow for course selectivity in our analysis we find that our estimates of the effects of attending the most prestigious HEIs is around 10 percentage points lower than otherwise; the effects of attending the middle ranking HEIs is around 5 percentage points lower; and that of attending these lowest ranking HEIs is unaffected. We go on to consider selection (on observables) into subjects and institutions using the Inverse Probability Weighted Regression Adjusted (IPWRA) method to estimate multiple treatment effects.

KW - College selectivity

KW - Relative returns to higher education

U2 - 10.1016/j.labeco.2018.05.005

DO - 10.1016/j.labeco.2018.05.005

M3 - Journal article

VL - 53

SP - 230

EP - 249

JO - Labour Economics

JF - Labour Economics

SN - 0927-5371

ER -