The Rising Postgraduate Wage Premium

26 Pages Posted: 9 Mar 2016

See all articles by Joanne Lindley

Joanne Lindley

University of Nottingham - School of Economics

Stephen J. Machin

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP); London School of Economics & Political Science (LSE) - Department of Economics

Date Written: April 2016

Abstract

Despite post‐college degree holders now making up nearly 15% of the US adult workforce, studies of their labour market performance remain sparse. This is surprising given that they are the most educated group in the labour force and as, over time, they have done significantly better than all other education groups. We show a significant rise over time in the postgraduate wage premium, reflecting an increased relative demand due to their superior skill sets and occupational status. The increase in the demand for postgraduates is a key factor behind rising wage inequality within the increasingly heterogeneous college graduate workforce.

Suggested Citation

Lindley, Joanne and Machin, Stephen J., The Rising Postgraduate Wage Premium (April 2016). Economica, Vol. 83, Issue 330, pp. 281-306, 2016, Available at SSRN: https://ssrn.com/abstract=2745021 or http://dx.doi.org/10.1111/ecca.12184

Joanne Lindley (Contact Author)

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom
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HOME PAGE: http://www.nottingham.ac.uk/economics/staff/details/joanne_lindley.htm

Stephen J. Machin

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

Houghton Street
London WC2A 2AE
United Kingdom

London School of Economics & Political Science (LSE) - Department of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom

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