Earnings Premium from Education in the Context of Educational Expansion
DOI:
https://doi.org/10.18662/po/13.1Sup1/417Keywords:
expansion of education, earnings premium, social structure, World Values Survey;Abstract
Education can be seen as an investment that brings higher incomes to individuals. People with higher levels of education collect important earnings premium in the labour market. On the other hand, the expansion of education is a major trend that characterizes evolution of societies, with important positive effects at the level of social and economic development. This paper aims to explore the influence of educational attainment on subjective incomes of individuals, while taking into account other relevant personal factors, as well as the phenomenon of education expansion at national level. We build our analysis on data from the World Values Survey Wave 7 (Haerpfer et al., 2020) collected from individuals around the world in various national settings. Our results are useful for better understand the influences of increasing participation to education on the earnings structure at both individual and national levels.
References
Ballarino, G., Bernardi, F., Requena, M., & Schadee, H. (2009). Persistent inequalities? Expansion of education and class inequality in Italy and Spain. European Sociological Review, 25(1), 123-138. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.820.7540&rep=rep1&type=pdf
Ballarino, G., Meschi, E., & Scervini, F. (2013). The expansion of education in Europe in the 20th Century. AIAS, GINI Discussion Paper 83. https://www1feb-uva.nl/aias/83-3-3-6.pdf
Beduwe, C., & Planas, J. (2003). EDEX Educational Expansion and Labour Market: A comparative Study of Five European Countries - France, Germany, Italy, Spain and the United Kingdom with Special Reference to the United States. CEDEFOP Reference Series. https://files.eric.ed.gov/fulltext/ED477254.pdf
Devereaux, P. J., & Fan, W. (2011). Earnings returns to the British education expansion. UCD Centre for Economic Research Working Paper Series, No. WP11/11. https://www.econstor.eu/bitstream/10419/72246/1/742423115.pdf
Dickson, M., & Smith, S. (2011). What determines the return to education: An extra year or a hurdle cleared. Economics of Education Review, 30(6), 1167-1176. https://doi.org/10.1016/j.econedurev.2011.05.004
Goldin, C., & Katz, L. F. (2010). The race between education and technology. Harvard University Press.
Haerpfer, C., Inglehart, R., Moreno, A., Welzel, C., Kizilova, K., Diez-Medrano J., M. Lagos, P. Norris, E. Ponarin, & B. Puranen et al. (Eds.). (2020). World Values Survey: Round Seven - Country-Pooled Datafile. Madrid, Spain & Vienna, Austria: JD Systems Institute & WVSA Secretariat [Data set]. http://www.worldvaluessurvey.org/WVSDocumentationWV7.jsp
Haim, E. B., & Shavit, Y. (2013). Expansion and inequality of educational opportunity: A comparative study. Research in Social Stratification and Mobility, 31, 22-31. https://www.academia.edu/12747513/Expansion_and_Inequality_of_Educational_Opportunity_A_Comparative_Multi_Level_Analysis
Kerckhoff, A. C. (1974). Stratification processes and outcomes in England and the U.S. American Sociological Review, 39(6), 789-801. https://doi.org/10.2307/2094153
Kerckhoff, A. C. (1976). The status attainment process: Socialization or allocation? Social Forces, 55(2), 368-381. https://doi.org/10.2307/2576228
Mayer, K. U., Schnettler, S., & Aisenbrey, S. (2008). The process and impacts of educational expansion: findings from the German Life History Study. The Center for Research on Inequalities and the Life Course, Yale University, Working Paper 2008-06. https://www.researchgate.net/publication/228950511_The_process_and_impacts_of_educational_expansion_findings_from_the_German_life_history_study
Pallas, A. M. (2000). The Effects of Schooling on Individual Lives. In M. Hallinan (Ed.), Handbook of the Sociology of Education (pp. 499-525). Springer.
Psacharopoulos, G., & Patrinos, H. A. (2018). Returns to investment in education: a decennial review of the global literature. Education Economics, 26(5), 445-458. http://dx.doi.org/10.1080/09645292.2018.1484426
Schofer, E., & Meyer, J.W. (2005). The Worldwide Expansion of higher Education in the Twentieth Century. American Sociological Review, 70(6), 898-920. https://doi.org/10.1177%2F000312240507000602
Wan, Y. (2006). Expansion of Chinese higher education since 1998: Its causes and outcomes. Asia Pacific Education Review, 7(1), 19-31. https://files.eric.ed.gov/fulltext/EJ752324.pdf
World Bank Group. (2019). World Development Report. https://documents1.worldbank.org/curated/en/816281518818814423/pdf/2019-WDR-Report.pdf
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 The Authors & LUMEN Publishing House
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant this journal right of first publication, with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work, with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g. post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g. in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as an earlier and greater citation of published work (See The Effect of Open Access).
Postmodern Openings Journal has an Attribution-NonCommercial-NoDerivs
CC BY-NC-ND
