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Does socioeconomic background affect pay growth among early entrants to high-status jobs?

Anders, J; (2015) Does socioeconomic background affect pay growth among early entrants to high-status jobs? (NIESR Discussion Paper 453). National Institute of Economic and Social Research: London, UK. Green open access

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Abstract

Young people from less advantaged backgrounds are less likely to enter a “professional” job on leaving university (Macmillan et al., 2013). However, this does not tell us about the performance of those who do. This paper considers the relative salary growth of graduates that secure a high-status job by both parental occupational status and school type, using data from a recent survey of English graduates. Using non-parametric techniques and regression modelling, I estimate the relationship between these measures of socio-economic status and pay progression in a “professional” job. I find no evidence of a pay growth differential by parents' occupational status but do find faster pay growth among those that attended a private school, even once I control for a range of background characteristics. Conversely, I find that individuals from state school backgrounds are just as likely to remain in high-status jobs at this early stage of their careers.

Type: Working / discussion paper
Title: Does socioeconomic background affect pay growth among early entrants to high-status jobs?
Open access status: An open access version is available from UCL Discovery
Publisher version: http://niesr.ac.uk/sites/default/files/publication...
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Learning and Leadership
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Learning and Leadership > Centre for Education Policy and Equalising Opportunities
URI: https://discovery.ucl.ac.uk/id/eprint/10050741
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