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Using quantile regressions, this paper provides evidence that the relationship between school quality and wages varies … a positive return for individuals at high quantiles, they have a negative impact at low quantiles. Similarly, while more … highly paid teachers benefit drop-outs at high quantiles and graduates at low quantiles, they have a negative return for all …
Persistent link: https://www.econbiz.de/10011569421
In this paper, we estimate the rate of return to first degrees, masters degrees and PhDs in Britain using data from the Labour Force Survey. We estimate returns to broad subject groups and more narrowly defined disciplines, distinguishing returns by gender and attempting to control for...
Persistent link: https://www.econbiz.de/10010261948
Understanding the economic payoff to human investments is very important from the standpoint both of individuals and of society. Correctly estimating these impacts necessitates having a well-developed idea of the microeconomic determinants of human behavior. Without this, empirical analyses of...
Persistent link: https://www.econbiz.de/10014046242
There has been a rising interest in understanding better the impact of college choices on wages, an interest motivated …
Persistent link: https://www.econbiz.de/10014198286
There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate mark-ups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education...
Persistent link: https://www.econbiz.de/10010398727
"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...
Persistent link: https://www.econbiz.de/10002902295
estimated on market data: higher wage risk for educational groups is associated with higher mean wages. With observations on …
Persistent link: https://www.econbiz.de/10003825129
The risk of investment in schooling has largely been ignored. We assess thevariance in the rate of return by surveying the international empirical literature from this freshperspective and by simulating risky earnings profiles in alternative options. choosingparameters on basis of the very...
Persistent link: https://www.econbiz.de/10011335192
I examine the extent to which the returns to college majors are influenced by selective migration and occupational choice across locations in the US. To quantify the role of selection, I develop and estimate an extended Roy model of migration, occupational choice, and earnings where, upon...
Persistent link: https://www.econbiz.de/10012831090
I examine the extent to which the returns to college majors are influenced by selective migration and occupational choice across locations in the US. To quantify the role of selection, I develop and estimate an extended Roy model of migration, occupational choice, and earnings where, upon...
Persistent link: https://www.econbiz.de/10012239055