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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| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Online-Zugang: | 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 p.) |
| DOI: | 10.1787/eco_studies-v2009-art7-en |
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| spelling | Strauss, Hubert VerfasserIn aut The wage premium on tertiary education New estimates for 21 OECD countries Hubert, Strauss and Christine, de la Maisonneuve Paris OECD Publishing 2009 1 Online-Ressource (29 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier 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. Economics de la Maisonneuve, Christine MitwirkendeR ctb Enthalten in OECD Journal: Economic Studies Vol. 2009, no. 1, p. 1-29 volume:2009 year:2009 number:1 pages:1-29 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/eco_studies-v2009-art7-en Volltext |
| spellingShingle | Strauss, Hubert The wage premium on tertiary education New estimates for 21 OECD countries Economics |
| title | The wage premium on tertiary education New estimates for 21 OECD countries |
| title_auth | The wage premium on tertiary education New estimates for 21 OECD countries |
| title_exact_search | The wage premium on tertiary education New estimates for 21 OECD countries |
| title_full | The wage premium on tertiary education New estimates for 21 OECD countries Hubert, Strauss and Christine, de la Maisonneuve |
| title_fullStr | The wage premium on tertiary education New estimates for 21 OECD countries Hubert, Strauss and Christine, de la Maisonneuve |
| title_full_unstemmed | The wage premium on tertiary education New estimates for 21 OECD countries Hubert, Strauss and Christine, de la Maisonneuve |
| title_short | The wage premium on tertiary education |
| title_sort | wage premium on tertiary education new estimates for 21 oecd countries |
| title_sub | New estimates for 21 OECD countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-v2009-art7-en |
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