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The labour market returns to graduation: reconciling administrative and survey data estimates

Adamecz, Anna; Dickson, Matt; Shure, Nikki; (2025) The labour market returns to graduation: reconciling administrative and survey data estimates. Economics of Education Review , 108 , Article 102701. 10.1016/j.econedurev.2025.102701. Green open access

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Abstract

This paper contributes to the literature on the earnings returns to university graduation. Recent evidence using administrative earnings data from England suggests a zero return to graduation for men and positive returns to graduation for women in annual earnings at age 26. We show that once hours worked are taken into account – typically not available in administrative tax data – returns to graduation in hourly wages are considerably smaller for women than returns in annual wages at this age. Graduate women work more hours than comparable non-graduate women; thus, not taking hours worked into account leads to overestimating returns to graduation for women by more than two-fold. This highlights the importance of using both survey and administrative data sources when estimating the returns to university graduation.

Type: Article
Title: The labour market returns to graduation: reconciling administrative and survey data estimates
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.econedurev.2025.102701
Publisher version: https://doi.org/10.1016/j.econedurev.2025.102701
Language: English
Additional information: © 2025 The Author(s). Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Keywords: Social Sciences, Economics, Education & Educational Research, Business & Economics, Returns to graduation, University, Gender differences, Survey data, COLLEGE-EDUCATION, HEALTH
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 - Social Research Institute
URI: https://discovery.ucl.ac.uk/id/eprint/10216325
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