The wage premium on tertiary education: New estimates for 21 OECD countries

This study focuses on the single most important component of the private return on tertiary education, the gross wage premium. There are at least two additional reasons for paying particular attention to wage premia. First, the wage premium earned by existing graduates is easy to observe, so high-sc...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Strauss, Hubert (VerfasserIn)
Weitere Verfasser: de la Maisonneuve, Christine (MitwirkendeR)
Format: Elektronisch Buchkapitel
Sprache:English
Veröffentlicht: Paris OECD Publishing 2009
Schlagworte:
Online-Zugang:DE-384
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Volltext
Zusammenfassung:This study focuses on the single most important component of the private return on tertiary education, the gross wage premium. There are at least two additional reasons for paying particular attention to wage premia. First, the wage premium earned by existing graduates is easy to observe, so high-school leavers can be assumed to take it into account when deciding for or against enrolment in tertiary education. Second, to the extent that wages reflect marginal labour productivity, estimates of wage premia are sometimes used to assess the quality of human capital in an economy with a view to correcting simpler measures based on years of schooling or attainment levels
Beschreibung:1 Online-Ressource (29 Seiten)
DOI:10.1787/eco_studies-v2009-art7-en

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