高等教育对美国大学生就业的影响

本研究将大学教育的经济回报分析扩展到毕业后十年,进一步考察了大学教育对于学生毕业后第一个十年内失业可能性的影响。本研究还验证了大学质量对毕业生收入有积极影响,同时不同本科专业之间存在巨大差异。然而,这两个主要因素对毕业生失业可能性的影响却截然不同:一方面,高质量私立大学的毕业生虽然在各类型高校的毕业生中享有最高的平均收入,但其失业的可能性也最大;另一方面,较其他专业毕业生而言,就读于高需求专业如商学、医学等的毕业生,其失业可能性也较低。     

The impact of student academic achievement on graduate salaries: the case of a leading Russian university

This paper analyses the impact of academic achievement on future salaries by looking into the grade point average (GPA)-earnings relationship for graduates of a leading Russian university. The study is based on pooled cross-sectional graduate survey data for 2014–2015. The issue of how student academic achievement impacts future labour market rewards is analysed through academic, demographic and labour market factors. We found that there is a significant positive impact of GPA on salaries of BA graduates (9–12% wage premium for an additional GPA point) and an insignificant or negative impact for MA programmes graduates. The study depicts that this negative effect can be partially explained by employment sector-specific variables. Among the main factors which positively affect earnings of graduates is work experience. Graduates who combined study and work achieve a 30% wage premium. However, there is no evidence that combining study and work affects student academic achievement, even for those who combined studies with full-time job. Despite the higher GPA of female students, male graduates’ earnings are 18% higher. Gender wage differences can be explained by gender distribution by the sector of employment: the over-representation of women in the low-paid education and science sectors and their under-representation in entrepreneurship and corporate sector.     

Hard Lessons for Lifelong Learners? Age and Experience in the Graduate Labour Market

The expansion of the higher education system and widening access to undergraduate study has led to growing diversity within the graduate labour supply, including increasing numbers who studied for their degrees as mature students. Analysis of graduates entering the labour market prior to the major expansion in the early 1990s indicated that those over the age of 30 had considerably more difficulty than younger graduates in accessing the career opportunities for which their education had equipped them. Is this still the case for more recent graduates? Drawing on a major qualitative and quantitative study of a class of graduates who completed their undergraduate degree courses in 1995, this paper explores early career development and employment outcomes according to age at graduation. Although we find considerable diversity among all age groups, mature graduates were more likely than their younger peers to experience difficulty in accessing appropriate employment, had a lower rate of earnings growth and expressed higher levels of dissatisfaction with their jobs.     

Competencies,occupational status,and earnings among European university graduates

While the effect of education and experience on labour market outcomes has been widely studied, the literature that analyses the influence of human capital competencies (talents, skills, and capabilities) is still relatively scarce. Using cross-sectional data from the REFLEX Project, we investigate the effect of personal competencies (both cognitive and non-cognitive) on two labour market outcomes among European university graduates: occupational status and earnings. Our estimates suggest that individuals endowed with a higher level of competencies are more likely to occupy managerial and professional positions and, to a lesser extent, technician jobs. Additionally, they also receive higher wages, but the relation is only significant for men. When we distinguish competencies according to their cognitive or non-cognitive nature, we find that only the latter are significant in explaining occupational status. In contrast, cognitive competencies are more related with wages. As regards the role of specific competencies, our findings suggest that leadership is the most relevant competence for the occupational status of males, especially in managerial positions. In contrast, initiative and enterprise abilities seem to be the most relevant skills for women in such positions. Intelligence produces the highest rewards in terms of earnings among the male subsample, while none of the competencies exerts a significant impact on females’ wages.     

Earnings expectation and graduate employment: Evidence from recent Chinese college graduates

Chinese college graduates have faced increasing labor market competition since the expansion of tertiary education. Given rigid market demand, graduates with realistic earnings expectations may experience a more efficient job search. Using the 2008 MYCOS College Graduate Employment Survey, this study finds that a 1 000 yuan reduction in a graduate’s reservation wage can significantly increase the probability of finding a job by 66% and increase the likelihood of being employed six months after graduation by 92%. In addition, the gap between the reservation wage and the market wage has a positive impact. By slightly adjusting earnings expectations, college graduates can significantly improve job search efficiency. Market wages should be seen as reference points when adjusting income expectations.     

OVEREDUCATION IN GREECE

While much has been written lately on overeducation, little is known about the effect of socioeconomic background on the incidence of overeducation and its impact on earnings. In this paper, the question of socioeconomic background is taken up and estimates of the incidence and labor market impacts of overeducation are examined with data from Greece. It is estimated that 16 percent of the university educated labor force is overeducated, varying considerably by discipline. The proportion of those overeducated from the lower classes is high (54 percent), although this varies by specialization. Overall, there is a 10 percent "penalty" in earnings associated with being overeducated for a university graduate. The negative and statistically significant effect of overeducation affects those faculties that are more general and do not correspond to particular occupations. Overeducated workers are younger than those properly matched, and more likely to work in the private sector. This suggests that overeducation is a phenomenon that affects workers as they make their way through the labor market. It may also mean that overeducation is a new phenomenon, brought about by the oversupply of graduates. Frustrated graduates are forced to take jobs in inappropriate fields. And as public sector employment decreases in size and the numbers of university graduates increase, private sector employment will necessarily increase for graduates. The question then is whether the private sector can provide jobs that are appropriate to the qualifications of university graduates.     

Mature Graduates I: Occupational attainment and the effects of labour market duration

This paper examines occupational attainment among mature graduates as compared with early graduates using data from the General Household Survey (GHS) (1982-1993). These surveys yielded a sample of 1025 mature men and 654 mature women graduates; 5365 men and 3465 women graduates at the conventional age. Mature graduates now compose about one quarter of the undergraduate population and it is believed that the level of mature participation will remain high. It was found that although mature graduates are disadvantaged on entry to the labour market, after about 15 years they have similar attainment to early graduates. Mature graduates primarily work in the public and welfare services, while conventional age graduates increasingly work in the private sector, with rising percentages of both women and men in the financial and business services sector. The concentration of mature graduates in the public sector has consequences for pay, which is discussed in the light of the current student funding system.     

Implications of the Bologna Process for Throughput in the Higher Education Sector: an empirical illustration based on a Finnish-British comparison

This study illustrates the differences between Finnish and British graduates in the higher education-to-work transition and related market mechanisms in the year 2000. Specifically, the differences between the Finnish and British students' academic careers and ability to find employment after graduation were evaluated in relation to the Finnish HE policy that hastens the entry of new graduates into the labour market. The Finnish HE system is representative of a system that operates in an occupation-specific and relatively strictly-regulated labour market context, whereas the labour market context for the British HE system is essentially the most liberal in Europe. The results of the study suggest that it is not the length of the first degree programmes per se that determines the throughput of the HE sector, but the relative emphasis placed on the opportunity structures pertaining to HE participation and on career mobility in the labour market.     

Further Education of Higher Education Graduates — the More,the Better?

In times of rapid technological and organisational change, it is argued that lifelong further education becomes more and more important for labour market success. Especially in labour market segments for the highly qualified, it is essential to constantly update one's qualifications. This is reflected in the finding that graduates with tertiary education are closely involved in further training measures at the beginning of their life courses. Almost all take part in at least one further training measure in the first five years after graduation. The further education strategies of higher education graduates, however, vary greatly in terms of frequency of participation, duration of measures, financing of the measure and the type of skills acquired. Using a German graduate panel which traces a sample of graduates up to five years after they obtained their degree in 1997 (HIS Absolventenpanel), we analyse which of these strategies are most successful in terms of wages. Using random effect panel models, we find — controlling for a variety of other factors — that the frequency of participation in further education only has a significant positive influence on male graduates' wages. Moreover, it is mainly measures paid exclusively by the employer and courses directed at personality development, i.e. management skills, which have substantial wage premiums.     

The labour market effects of Alma Mater: Evidence from Italy

We use data from a nationally representative survey of Italian graduates to study whether Alma Mater matters for employment and earnings 3 years after graduation. We find that the attended college matters, and that there are important college-related differences, both among and within regions of the country. These differences, however, do not persist over time and are not large enough to trigger substantial mobility flows from poorly performing to better performing institutions. We also find evidence that going to a private university pays off at least in the early part of a career. Only part of this gain can be explained by the fact that private universities have lower pupil–teacher ratios than public institutions.     

The returns to education in Slovenia

This article provides estimates of the returns to education in Slovenia. A Mincerian earnings function was estimated on three data sets, i.e. the 1978, 1983 and 1993 Household Expenditure Survey, with the subsample consisting of households where adults were employees (in the public or private sector). The estimated rates of return for all educational levels and for both men and women were rather low in 1978 and 1983. This can be explained with a tightly regulated labour market, with direct state interference-and thus small wage differentials. In 1993, the estimated rates of return increased considerably, though they are still somewhat lower than in most developed market economies. This increase was-without doubt-caused by a more deregulated labour market and a strong push towards market liberalization.     

Student Veterans’ Outcomes by Higher Education Sector: Evidence from Three Cohorts of the Baccalaureate and Beyond

We use nationally representative survey data from three cohorts of bachelor’s degree recipients to examine military veterans’ student loan debt at graduation and their employment and earnings 1, 4, and 10 years after graduation, relative to observably similar graduates. We also examine whether the effects of veteran status depend on college sector. Using propensity score weights with covariate adjustment, we find employment and earnings premiums for veterans 1 and 4 years after graduation, and an employment penalty but earnings premium (conditional on employment) 10 years after graduation. We find no clear evidence of a for-profit employment or earnings penalty among bachelor’s degree recipients, including veterans. We do find that veterans are as likely as similar non-veterans to graduate with debt, and that graduating from a for-profit institution yields markedly higher debt amounts, especially for veterans, despite the availability of Montgomery GI Bill benefits for these cohorts.     

The impact of subject-specific competencies and reading habits on the income of Japanese business and economics graduates

This study empirically examines impacts of subject-specific competencies and reading habits on university graduates’ income in Japan. Business and economics graduates during 1996 and 2016 at a research university in Tokyo were surveyed. Path analyses of 677 valid responses from graduates employed in the private sector indicated positive impacts of subject-specific competencies and reading habits on income after graduation, as they are recognized as important to respondents’ careers. Thus, when reading habits and subject-specific competencies were relevant to the respondents’ careers, they indirectly, positively influenced income. No gender differences were noted in business; sufficient observations were not obtained for economics.     

A comparison of career success between graduates of vocational and academic tertiary education

This paper analyses whether tertiary education of different types, i.e., academic or vocational tertiary education, leads to more or less favourable labour market outcomes. We study the problem for Switzerland, where more than two thirds of the workforce gain vocational secondary degrees and a substantial number go on to a vocational tertiary degree but only a small share gain an academic tertiary degree. As outcome variables, we examine the risk of being unemployed, monthly earnings, and variation in earnings (reflecting financial risk). We study these outcomes at career entry and later stages. Our empirical results reveal that the type of tertiary education has various effects on these outcomes. At career entry, we observe equal unemployment risk but higher average wages and lower financial risk for vocational graduates. At later career stages, we find that these higher average wages disappear and risk of unemployment becomes lower for vocational graduates. Thus, by differentiating the tertiary system into vocational and academic institutions graduates face a variety of valuable options allowing them to self-select into an educational type that best matches their individual preferences.     

Longer-Term Economic Effects of College Selectivity and Control

This study uses a nationally representative sample of baccalaureate recipients—4 years after graduation—to assess the effects of college selectivity and control on earnings and indebtedness related to undergraduate education. After controlling for salient background, education, and labor market characteristics there is strong evidence of a substantial earnings return to college selectivity and control, which is consistent with the bulk of earlier work in this area. The impact of these factors on education-related debt is varied, with graduates from more selective private institutions continuing to bear the largest debt burden. Findings also suggest, however, that the enhanced earnings for graduates from selective private colleges are quickly offsetting the associated debt burden. Potentially problematic issues include a mix of high debt loads and sub-par labor market experiences for graduates from low selectivity private institutions—those that also serve a disproportionate number of nontraditional students.     

No experience,no employment: The effect of vocational education and training work experience on labour market outcomes after higher education

Higher education graduates with work experience enter the labour market more smoothly. This study analyses how work experience from vocational education and training (VET) affects labour market outcomes after higher education. To account for selection into VET, we use the regional enrolment rate as an instrument for upper-secondary VET. Results suggest that work experience gained during VET leads to significantly higher wages of 7% to 19% one year after graduation from higher education and two months less search time for first employment but does not significantly lower the probability of an internship in the post-graduation year. However, these positive effects do not persist: the effect is no longer robustly significant for wages, unemployment or employment position after five years. The effect operates through the human capital (specific and general), screening and signalling channels, not the social network channel. Our results suggest that upper-secondary VET is an equivalent pathway to academic education, not merely the second-best, for individuals planning on higher education.     

What Do Graduates Earn? The Starting Salaries and Earnings Prospects of University Graduates 1960–1986

This paper examines the long term pattern of starting and early-career salaries of U.K. university graduates relative to average non-manual earnings. Salary statistics collected by several university careers services are aggregated to create a new data-set which records starting salary trends at aggregate, faculty and subject levels, and data from the 1960,1970 and 1980 graduate cohort surveys are used to extend the investigation to later years. Considerable differences in remuneration across subjects are reported but the paper demonstrates that graduate starting salaries, generally, have been substantially below average non-manual earnings throughout the period since 1960. Further, graduates' relative position has deteriorated over time: whilst at the start of the period graduates six years into their careers could, in most subjects, expect to earn more than the average non-manual wage, by the end of the period, this was no longer generally so. The paper offers an explanation of graduate salary trends, viewing these as the result of changing demand and supply forces in the graduate labour market, and it concludes by addressing some of the key policy and planning issues to which an awareness of salary levels is relevant.     

Does Graduating from a Private University Make a Difference? Evidence from Italy

The main aim of this article is to explore similarities and differences in the institutional features of private and state universities in the Italian higher education system and to assess whether graduating from a private university conveys advantages in the labour market. In the first part we use administrative data to describe the main institutional features of the two types of university, looking at organisational aspects, enrolments and graduates, financial resources, tuition fees, and teachers' characteristics. In the second part we develop a theoretical framework looking at sociological and economic theories of education and labour market, from which we derive some hypotheses on the expected results. In the last part, we apply a propensity score matching analysis on data from the Italian University Graduates Survey conducted in 2007 by the Italian National Institute of Statistics, which provides information on more than 40,000 graduates who obtained their degree in 2004. The main results indicate that graduates from private universities are younger, have a higher socio-economic background and a slightly better previous school career than those from state universities. Contrary to a widespread belief, once accounted for self-selection into the type of university using a wide range of variables, graduating from a private university has neither a significant nor a substantial effect on employment probability, hourly wage and occupational level three years after graduation.     

Does the Institutional Type Matter?: Slovak Higher Education on Its Way to Diversity

The paper focuses on the issue ofthe development of new institutional types inSlovak higher education. It is based on theempirical research conducted in 2001 among thesample of university graduates in Slovakia. Themain focus of the paper is the comparison ofpublic, non-state and private higher educationwith respect to their background, academicexperience and first labour market experienceafter graduation. The discussion of theseissues has shown that the road of Slovakia toan institutionally diversified higher educationsystem is still at its early stages. However,graduates from existing private highereducation institutions are competitive on thelabour market, and the same is true forgraduates from non-state (church) highereducation. The results of the study can be usedas an argument in favour of furtherdiversification of institutional types in thecontext of Slovak higher education.