Lenton, P. (2016) Staying-on after twenty-one: the returns to postgraduate education. Working Paper. Sheffield Economic Research Paper Series (SERPS), 201600 (2016_004). Department of Economics, University of Sheffield ISSN 1749-8368
Abstract
The expansion of higher education in the UK has led to an increase in the number of postgraduate as well as undergraduate students. This paper investigates the wage return to postgraduate degrees, differentiating between traditional Masters degrees, vocational postgraduate degrees and PhDs, over the period 1993-2014. We additionally, differentiate between the area of study for Masters degrees. Results show that wage returns to both undergraduate and all postgraduate degrees have increased over time. The subject undertaken at Masters level is more important in determining wages for males. Females holding a Masters degree in any subject earn a significant wage premium. There is also evidence of growth in the wage returns to other, vocational, non-Masters degrees. The findings of this paper imply that not only are postgraduates highly skilled individuals but that the provision of postgraduate courses, and thence postgraduate degree holders within the UK labour market should be increased.
Metadata
Item Type: | Monograph |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | The Sheffield Economic Research Paper Series (SERPS) offers a forum for the research output of the Department of Economics, University of Sheffield. Papers are reviewed for quality and presentation by two internal referees and a departmental editor. However, the contents and opinions expressed remain the responsibility of the author(s). Comments are welcomed and should be addressed to the individual author(s). |
Keywords: | Human Capital; Postgraduate Education; Wage returns |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) > Sheffield Economics Research Papers Series |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 09 Mar 2016 10:40 |
Last Modified: | 09 Mar 2016 10:40 |
Published Version: | http://www.sheffield.ac.uk/economics/research/serp... |
Status: | Published |
Publisher: | Department of Economics, University of Sheffield |
Series Name: | Sheffield Economic Research Paper Series (SERPS) |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:96218 |