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...

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Bibliographic Details
Main Author: Strauss, Hubert (Author)
Other Authors: de la Maisonneuve, Christine (Contributor)
Format: Electronic Book Chapter
Language:English
Published: Paris OECD Publishing 2009
Subjects:
Online Access:DE-384
DE-473
DE-824
DE-29
DE-739
DE-355
DE-20
DE-1028
DE-1049
DE-521
DE-861
DE-898
DE-92
DE-91
DE-573
DE-19
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Summary: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
Physical Description:1 Online-Ressource (29 Seiten)
DOI:10.1787/eco_studies-v2009-art7-en

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