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1.
This article uses individual data on 10,000 higher education students and 5,000 graduates in the Philippines in 1977 to assess theex ante student perceptions of the labour market against actual labour market outcomes. A comparison of mean expected and actual earnings by various sample characteristics reveals a high degree of realism from the students' viewpoint. Individual self-assessed foregone earnings are used to estimate theex ante returns to higher education and to investment in particular fields of specialization. The expected returns are close to the actual returns. Expected and actual waiting time to first job are of a short duration and a sharply declining function of age. Family background and college performance strongly influence the expected and actual labour market outcomes. The policy implications of the results are briefly discussed.  相似文献   

2.
The public supply of adult education is very different between countries, making it likely that there is scope for efficiency gains. The contribution of this paper is to provide an economic evaluation of the earnings impact of adult education at upper secondary level (AE) in Sweden, where the supply is plausibly larger than in any other country. The analysis is based on register data for 1990–2002 of the cohort born in 1970 on accomplished AE course credits and possibly subsequent higher education. Difference‐in‐differences estimates indicate that for AE enrolees in 1994–1996, a year of AE credits increased earnings in 2002 by 6% for males and by 4.5% for females. The estimates are reconciled with conflicting results from earlier studies. According to crude calculations, which disregard other societal benefits of AE, the earnings benefits are sufficient to cover the costs incurred by society within 17 years.  相似文献   

3.
Studies which have investigated the influence of education on adult earnings are almost exclusively concerned with men and take little account of family influences on either education or later earnings. Those studies which have information on women's earnings focus on gender differentials rather than differences between women in opportunities and outcomes. This paper which examines the influence of education and family background on the midlife earnings of a national cohort of British women born immediately after the Second World War is an attempt to redress this situation. It shows that the few women who were able to take full advantage of the expansion in educational opportunities and achieve high educational qualifications earned significantly more in adult life than less educated females. Family background played an important role, both through its effect on early educational achievement and attitude to school work, which in turn influenced the type of secondary school attended and the achievement of educational qualifications, and also by well‐educated mothers raising their daughter's career expectations or providing successful role models. In adult life, employment characteristics which indicated a long‐term commitment to full‐time work and the decision not to have children, or to delay childbearing, were also important predictors of later economic success in this cohort, but did not explain the prior effects of education and family background. Advanced educational qualifications were the key to economic success for women bom in the early post‐war period.  相似文献   

4.
This paper looks at the economic returns to different fields of study in Ireland in 2004 and also the value placed on various job-related competencies, accumulated on completion of higher education, in the Irish labour market. In examining these issues, the paper also analyses, through quantile regression, how the returns vary across the earnings distribution. The impact that education-job mismatch, both education level and field, has on earnings is also taken into consideration. The results derived indicate that, relative to the base case, there are higher returns to Medicine & Veterinary, Education, Engineering & Architecture, Science and Computers & IT. Small but significant returns were found for some of the competencies analysed, in particular technical skills. The quantile regression analysis reveals that both field and competency returns vary across the wage distribution and that, apart from Medicine & Veterinary and technical skills, field and competency-specific returns diminish as one moves up the earnings distribution.  相似文献   

5.
The paper estimates the returns to overeducation by the Over-Required and Undereducation (ORU) model. The estimated results indicate that the returns to overeducation are positive, but lower than the returns to required education, which suggests that while overeducated employees’ earnings are diminished, they still can benefit from it. The paper also attempts to estimate the returns to overeducation by occupations, industries and regions. The result shows that in the field where educational level has much to do with the skills required by employers, education-job match has a greater effect on one’s earnings, such as professionals and skilled persons. On the contrary, education-job mismatch has little effect on one’s earnings, such as non-skilled employees, administrative and clerical employees. In addition, the returns to overeducation are lower or insignificant for those working in competitive but lower paid industries and areas. Conversely, the returns to overeducation are higher for those working in the highly monopolized and highly paid industry and area. It can be argued that regardless of the incidence of overeducation, those with higher level of education prefer to choose the lower level of job in these industries and areas.  相似文献   

6.
The correlation between education and earnings: What does it signify?   总被引:5,自引:0,他引:5  
This paper examines three alternative explanation of the basic finding that amounts of education and personal earnings are positively correlated in some 30 countries studied. Arbitrarily labelled (1) the “economic”, (2) the “sociological” and (3) the “psychological” explanation, (1) argues that better-educated people earn more because education imparts vocationally useful skills that are in scarce supply; (2) propounds that they do so either because length of schooling is itself correlated with social class origins or because education disseminates definite social values which are prized by the ruling elite of a society; (3) contends that education merely selects people in accordance with their native abilities and, obviously, abler people earn more than less able ones. The question is asked: Are these really conflicting explanations? It is concluded that a proper appreciation of the economic explanation in fact assimilates the other two. In a perfectly competitive labour market, earnings will necessarily reflect the relative scarcity of “vocationally useful skills”, and the vocational skills must include the possession of values and drives appropriate to an industrial environment. In the absence of competitive pressures, however, earnings may reflect purely conventional hiring practices. In the final analysis, therefore, the question posed by the paper highes on the strength of competitive forces in the labour markets. The question whether education contributes to economic growth turns out likewise to depend on the presence or absence of competitive labour markets. An analysis is made of the internal logic of the three explanations. Also examined is the small quantity of direct evidence available on the link between education and the productivity of workers. An attempt is made to view familiar questions from a new angle and to relate the education-causes-growth debate to contentious issues in the field of educational planning.  相似文献   

7.
This article reviews some studies of individual demand for higher education undertaken during the 1970s. It argues that although lifetime earnings are positively related to educational qualifications, rates of return to education do not seem to matter much for either public or private educational decisions. Public educational decisions seem to be affected more by such factors as the inertia of the system, expected externalities of socio-political importance, which are not measurable and, therefore, are excluded from the rate of return calculations and some educational objectives, such as meeting social demand and for ensuring equal opportunities to all individuals, which public authorities adopt at any time period. On the other hand, pupils' educational plans for post-secondary education were found to be greatly influenced by their scholastic achievement, sex and socio-economic status. It was also found that the economic factor which clearly enters into their decisions function, is initial salary differentials. However, a high proportion of pupils do not possess this information. It is also argued that individual demand for post-secondary education could be estimated with a high degree of approximation on the basis of pupils' scholastic achievement at secondary school, sex and socio-economic status. The pupil's ability to finance his further studies, particularly the poor student and in the absence of grant or loan systems is of great importance.  相似文献   

8.
This paper assesses the impact of school quality on student outcomes, particularly job performance, and subsequently on economic growth. It begins by showing that ‘investment in human capital’ has evolved from being viewed as simply an investment of student time to including interactions between time and monetary resources which may serve to improve school quality. Evidence is provided from studies of both elementary/secondary schooling and post-secondary education, and from studies of developed and less developed nations. It appears that school quality has substantially greater impact on changes in students' cognitive and behavioral outcomes in less developed than advanced countries. Yet school quality seems to effect lifetime earnings of all students regardless of the level of development of their nations. The paper explains why. in some cases, more years and money spent for schooling may not necessarily appear to reflect higher earnings. Explanations are provided for differences in the impact of school quality on student changes. A major one is the fact that there are significantly diminishing returns to expenditures on schooling, along with the fact that expenditure levels are so much lower in the poorer countries. Reasons are provided as to why, if institutional differences do not account for changes in students in wealthier nations, these differences should still account for differences in earnings. Factors such as measurement problems and institutional arrangements come into play in this regard. The paper concludes that improvement in the quality of schooling provided in developing countries may be more important tor the future economic prospects of these nations in the long run than will expanded access to poor quality education.  相似文献   

9.
The employability of university graduates constitutes a major policy concern in both developed and developing nations. In this context, the present study uses self-reported data to compare the earnings and employment expectations of university students, and the realised earnings and employment paths of recent graduates. The sample consisted of 476 individuals (243 students and 233 graduates of the University of Cyprus). The analysis points to both differences and similarities in the effect of different variables on (a) the probability of employment for graduates and the probability of expected employment for students, and (b) the conditional salary of graduates and the conditional expected salary of students. The completion of postgraduate studies, the area of family residence and the department of study are the key factors affecting the graduates’ employment probability, while the students’ probability of expected employment is determined differently, namely by characteristics such as secondary education performance and studies in the business administration department. Gender and family income are among the main determinants of both the graduates’ actual earnings and the students’ expected earnings, with women earning or expecting to earn less than men, and graduates/students with higher family incomes earning or anticipating to earn more than their lower income counterparts. The findings are compared to those of similar studies in other countries.  相似文献   

10.
The effects of economic conditions upon higher education enrollments are specified nationally, regionally, and for an individual institution. It appears clear that since the early 1970s, about the time when studies began to report on the declining value of a college education, and when nontraditional students became a more significant factor in overall enrollments, potential students became much more sensitive to the opportunity costs of college attendance. As job opportunities increased, foregone earnings grew correspondingly, and enrollments turned down. Economic reversals were accompanied by enrollment upturns. Implications of this study for enrollment projections and planning are clear.  相似文献   

11.
日本高等教育投资与效益的现状及动向   总被引:1,自引:0,他引:1  
探讨日本高等教育投资与效益的理论及实践对研究我国21世纪高等教育投资与效量的最佳途径有借鉴意义。文章所探讨的主要问题有高等教育投资与就业的关系、高等教育公费投入与就业的密切关系、高等教育就业市场保持供求最佳状态、就业结构新变化节约高等教育投资额、“实习医生”试用制与就业招聘相互关联、高等教育人力资本投资政策。  相似文献   

12.
The paper estimates the returns to overeducation by the Over-Required and Undereducation (ORU) model. The estimated results indicate that the returns to overeducation are positive, but lower than the returns to required education, which suggests that while overeducated employees’ earnings are diminished, they still can benefit from it. The paper also attempts to estimate the returns to overeducation by occupations, industries and regions. The result shows that in the field where educational level has much to do with the skills required by employers, education-job match has a greater effect on one’s earnings, such as professionals and skilled persons. On the contrary, education-job mismatch has little effect on one’s earnings, such as non-skilled employees, administrative and clerical employees. In addition, the returns to overeducation are lower or insignificant for those working in competitive but lower paid industries and areas. Conversely, the returns to overeducation are higher for those working in the highly monopolized and highly paid industry and area. It can be argued that regardless of the incidence of overeducation, those with higher level of education prefer to choose the lower level of job in these industries and areas. __________ Translated from Beijing Daxue Jiaoyu Pinglun 北京大学教育评论 (Peking University Education Review), 2007, 5(2): 136–146  相似文献   

13.
In this paper, the short-cut method is used to estimate expected rates of financial returns to higher education in the Czech Republic and a modified version of the method is used to suit the current English system of deferred tuition fees. First year university students were asked to estimate their expected earnings with and without a university degree at two points in time. The findings show that students perceive higher education to be a profitable investment and that rates of return vary by gender as well as by country and place of study. We conclude that the current level of tuition fees in England does not act as a disincentive for students to enter higher education.  相似文献   

14.
This paper addresses the economic returns on tertiary degrees obtained in ages above 30 for individuals with upper-secondary schooling in light of current ideas on lifelong learning. Sweden is a case in point: Swedish tertiary education is open to older students, and labor market legislation supports employees who take a leave to study. The longitudinal data used for this analysis is based on annual population level registers from 1981 to 2007. Matching techniques are combined with fixed effect estimation to account for non-random selection. Late degrees were found to increase the employment rate by 18 percentage points and earnings while employed by 12 percent, which indicates strong employment effects and small effects on earnings while employed. The effects were absent in the higher parts of the earnings distribution, and females gained more than men. The estimated effects are largely stable across periods within a birth cohort.  相似文献   

15.
The paper explores the incidence of over and under education and the effect on earnings for immigrants and natives who hold UK qualifications, drawn from the Quarterly Labour Force Survey 1993–2003. The paper also compares earnings penalties associated with over and under education across immigrant and minority ethnic groups for men and women. The results show that compared to Whites, Black African, Other Non-White and Indian men are more likely to be over-educated, whilst for women it is Indian and Pakistani/Bangladeshi's who are more likely to be over-educated. Estimating earnings equations shows significantly large over-education penalties for South Asian immigrant and native men, as well as White immigrant men, Black women and White UK born women. However, there are large returns to occupational skills for some minority ethnic and immigrant groups, over and above the returns to qualifications. It is suggested that these groups may therefore find it easier to find a suitable job for their UK education level if higher or further education programmes for immigrants were combined with occupational specific training.  相似文献   

16.
The paper uses data from the 1980 Brazilian census to analyse the sources of earnings variation among males with emphasis on the role of education, labor market segmentation, geographic location and sector of economic activity. The results indicate a sizeable private rate of return to investment in education across labor market “segments”, especially among rural workers and the self-employed. Such a finding is upheld after econometric corrections for dependent variable (earnings) truncation and selectivity bias regarding who enters a particular economic sector. However, regional earnings differentials persist even after adjustment for a set of personal and job characteristics. Thus, internal migration still has a role to play towards reducing regional earnings disparities.  相似文献   

17.
Policymakers are increasingly including early-career earnings data in consumer-facing college search tools to help students and families make more informed postsecondary education decisions. We offer new evidence on the degree to which existing college-specific earnings data equip consumers with useful information by documenting the level of selection bias in the earnings metrics reported in the U.S. Department of Education's College Scorecard. Given growing interest in reporting earnings by college and major, we focus on the degree to which earnings differences across four-year colleges and universities can be explained by differences in major composition across institutions. We estimate that more than 70% of the variation in median earnings across institutions is explained by observable factors, and accounting for differences in major composition explains 20–30% of the variation in earnings over and above institutional selectivity and student composition. We also identify large variations in the distribution of earnings within colleges; as a result, comparisons of early-career earnings can be extremely sensitive to whether the median, 25th, or 75th percentiles are presented. Taken together, our findings indicate that consumers can easily draw misleading conclusions about institutional quality when using publicly available earnings data to compare institutions.  相似文献   

18.
Using detailed data from a unique survey of high school graduates in Germany, we document a gender gap in expected full-time earnings of more than 15%. We decompose this early gender gap and find that especially differences in coefficients help explain different expectations. In particular, the effects of having time for family as career motive and being first-generation college student are associated with large penalties in female wage expectations exclusively. This is especially true for higher expected career paths. Resulting expected returns to education are associated with college enrollment of women and could thus entrench subsequent gaps in realized earnings.  相似文献   

19.
Modular education refers to the division of conventional courses into smaller components or modules. Each module enables students to obtain a partial certificate that can be combined into a qualification. This article evaluates whether modular education, which is widely used in secondary and tertiary education, has been effective in reducing school dropout. For this purpose, the study exploits a policy change in the Flemish Community of Belgium, which recently introduced modular education for some programmes. Using a difference-in-differences framework with diverse adoption dates per school, the results indicate that modular education may significantly reduce school dropout by 2.5 percentage points, with the largest effects on foreign origin students. Therefore, modular education is likely to be an effective policy to tackle school dropout and reduce the ethnic attainment gap. Additionally, students enrolled in modular education are more likely to be employed and to incur higher earnings on the labour market.  相似文献   

20.
The paper discusses the problems of measuring the rate of return to women's education, and evidence is presented for nine countries which shows that the returns to secondary and higher education are on average two percentage points lower for women than for men, but in some countries they are actually higher. Education increases the earning capacity of women, and also increases their propensity to remain in the labour market. But some allowance must be made for the value of women's non-market work, for indirect benefits of education, and for psychic income. Various methods are suggested for measuring the non-monetary benefits of education, such as the intergeneration effect of a mother's education on the future achievement of her children, or the non-pecuniary benefits of employment for women in the labour force. The effects of discrimination on women's earnings and job prospects are discussed, and it is shown that a large part of the observed differential between male and female earnings is due to the concentration of women in low-income occupations. The paper concludes that the difference between the returns to education for men and women is less than is often suggested, particularly if some attempt is made to measure nonmonetary benefits. But the returns to women's education would be increased if there were a change in traditional attitudes leading to a more equal occupational distribution and better utilisation of women in the labour force.  相似文献   

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