The signal and the noise: the impact of the Bologna process on swiss graduates' monetary returns to higher education
| Autor: | Glauser, David, Zangger, Christoph, Becker, Rolf |
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| Rok vydání: | 2019 |
| Předmět: |
Wirtschaft
Bildung und Erziehung Economics Education earnings signaling theory University Education Macroanalysis of the Education System Economics of Education Educational Policy Labor Market Policy Bildungswesen tertiärer Bereich Makroebene des Bildungswesens Arbeitsmarktpolitik Arbeitsmarkt Bildungsreform Hochschule Hochschulbildung Lohnunterschied Bologna-Prozess Reform Schweiz Absolvent Master Bachelor Beschäftigung Switzerland wage difference reform university employment educational reform university level of education bachelor graduate master (academic degree) Bologna Process labor market |
| Zdroj: | Social Inclusion, 7, 3, 154-176, Types of education, achievement and labour market integration over the life course |
| Druh dokumentu: | journal article<br />Zeitschriftenartikel |
| ISSN: | 2183-2803 |
| DOI: | 10.17645/si.v7i3.2100 |
| Popis: | Using longitudinal data on university leaver cohorts in the period from 2006 to 2016, we investigate the impact of the Bologna reform on Swiss graduates' returns to higher education. Drawing on the job market signaling model, we expect lower returns for graduates who enter the labor market with a bachelor’s degree. Moreover, we expect that the initial wage difference between bachelor and master graduates will become less volatile over time, since employers constantly update their beliefs about graduates' employability. Controlling for selection into employment and a number of different signals sent by the graduates, we find a persistent advantage of a master’s over a bachelor’s degree. The new degrees, and especially a bachelor's degree, did indeed serve as a noisy signal about graduates' productivity in the first years of the Bologna process. |
| Databáze: | SSOAR – Social Science Open Access Repository |
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