Astronomics in Action: The Graduate Earnings Premium and the Dragon Effect in Singapore

Sim, Nicholas

doi:10.1111/ecin.12154

Cited by 17 publications

(13 citation statements)

References 37 publications

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“…Even though Chinese superstition is found to lead the dragon cohort to face fierce educational competition (Sim ), to generate worse performance for individual investors (Bhattacharya et al ) and to add no supportive evidence for dragons being more successful overall (Wong and Yung ), my results may still reconcile with this prior literature because of survivorship bias. Specifically, dragon CEOs are those remaining after multiple elimination competition throughout their lives.…”

Section: Resultsmentioning

confidence: 49%

“…Sim () documents a negative dragon effect on university educational attainment in Singapore. According to his argument, a more competitive university entry due to a larger dragon cohort is to blame, because parents time the arrival of their offspring on a dragon year.…”

Section: Resultsmentioning

confidence: 99%

“…In terms of empirical results, Wong and Yung () find no supportive evidence for dragon people having brighter prospects. Sim () even demonstrates that being a dragon harms one's future, using university educational attainment as evidence. Other studies find that those born under the dragon sign earn a higher salary due to quality education through greater investment by their parents (Johnson and Nye ) and to stronger networks (Do and Phung ).…”

Section: Introductionmentioning

confidence: 99%

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Dragon CEOs and Firm Value

Chen¹

2018

Australian Economic Review

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This article investigates a traditional belief of the Chinese zodiac that individuals born in the dragon year are superior and perform better. Using a sample of listed firms in China, supporting evidence is found for this pervasive superstition that CEOs born in dragon years are positively associated with firm value as measured by Tobin's Q and return on assets. This positive relationship becomes even stronger when the exact birth date of CEOs is known. Finally, the Dragon Survivors Hypothesis and the CEO Self-fulfillment Hypothesis are examined to explain why dragon CEOs matter to firm value.

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Section: Resultsmentioning

confidence: 49%

Section: Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Dragon CEOs and Firm Value

Chen¹

2018

Australian Economic Review

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“…Certainly, the often cited "graduate premium" is a ubiquitous force for good in our society with real benefits and the graduating student enjoys a wider range of societal benefits that subsequently drive economic growth (King & Ritchie, 2013). A successfully graduating student can expect average graduate earnings that exceed those of non-graduates over the course of their lifetime (see e.g., Pericles-Rospigliosi, Greener, Bourner, & Sheehan, 2014;Walker & Zhu, 2013;Sim, 2015). The graduate premium also manifests itself as a faster professional trajectory leading to a greater lifetime earning potential and ultimately an overall better quality of life (Holmes & Mayhew, 2016).…”

Section: Introductionmentioning

confidence: 99%

The primacy of the student in the age of consumer driven higher education

Howard¹

2019

Preprint

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Higher Education (HE) is a force for good and graduating students can expect to receive higher life time earnings as well as a range of other positive outcomes. Due to this the global HE sector is rapidly expanding and university administrators are starting to explore the benefits of aligning organisational practice with market principles. The embrace of such a consumer philosophy has many advantages as well as several significant disadvantages. Here, we consider the cause and effects of large scale marketisation of HE as well as effective frameworks for the application of a consumer-based narrative on the day to day running of a university. Using the United Kingdom’s HE sector as a case example we then consider the effects of performance based funding mechanisms such as the Research Excellence Framework (REF) as well as its younger cousin the Teaching Excellence Framework (TEF) and how excellence in both performance measures can provide a competitive based sector as well as ensure that students are placed front and centre of the culture of a thriving university. We conclude by suggesting a possible model for organisational practice that borrows from both market and non-market practice. This hybrid model for HE ensures that a university can benefit from the significant benefits of a competitive market environment as well as enjoy the protections of regulatory oversight.

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“…Higher education is indeed, and will always be, a good thing -certainly the often cited "graduate premium" is a ubiquitous force for good in our society with real benefits and the graduating student enjoys a wider range of societal benefits that subsequently drive economic growth (King & Ritchie, 2013). A successfully graduating student can expect average graduate earnings that exceed those of non-graduates over the course of their lifetime (see e.g., Pericles-Rospigliosi, Greener, Bourner, & Sheehan, 2014;Walker & Zhu, 2013;Sim, 2015). The graduate premium also manifests itself as a faster professional trajectory leading to a greater lifetime earning potential and ultimately an overall better quality of life (Holmes & Mayhew, 2016).…”

Section: Introductionmentioning

confidence: 99%

Student satisfaction in the age of consumer driven higher education

Senior¹,

Fung²,

Howard³

et al. 2018

Preprint

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The global Higher Education sector (HE) is undergoing a metamorphosis. No longer is HE the sole preserve of the privileged few but rather it is now accessible for the masses. The result of such an expansionist philosophy is here and today’s undergraduate students can expect to study at a university that is unrecognisable to higher education establishments of a few decades ago. This is not a one-sided affair and academic staff i.e., the professoriate who encounter the results of such expansionism on a daily basis are also faced with a vastly complex working environment (see e.g., Knight & Senior, 2017). Phrases such as internationalisation, employability, work-based learning as well as the almost ephemeral notion of student satisfaction, among many other things, regular assail the collective consciousness of academic staff around the world. Yet despite such complexity a new model is emerging and this is one firmly embedded within consumer psychology and it firmly places the student as a customer. Here we highlight some negative issues that may arise when HE embraces consumerism. We also discuss a potential solution that may not only ameliorate these issues but actually facilitate excellence in the student learning journeys. Higher education can meet this vast array of modern day concepts face-to-face and still ensure that it serves its core mission and that is to provide students with a higher understanding of various conceptual issues.

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Astronomics in Action: The Graduate Earnings Premium and the Dragon Effect in Singapore

Cited by 17 publications

References 37 publications

Dragon CEOs and Firm Value

Dragon CEOs and Firm Value

The primacy of the student in the age of consumer driven higher education

Student satisfaction in the age of consumer driven higher education

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