The Puzzling Effects of Delaying Schooling on Canadian Wages

Ferrer, Ana; Menendez, Alicia

doi:10.3138/cpp.2013-001

Cited by 5 publications

(3 citation statements)

References 16 publications

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“…Depending on the data and the nature of the delay, the findings are mixed in the literature investigating how delaying and interrupting schooling affects labor market outcomes. In a sample of Canadian post-secondary graduates, Ferrer and Menendez (2014) find that post-schooling wages are higher for those who delayed their entry, particularly for those who worked during the delay. In contrast, two US studies suggest that delaying is associated with lower returns to completed schooling, although those losses are not uniform across different levels of schooling.…”

Section: Previous Researchmentioning

confidence: 90%

Admissions Constraints and the Decision to Delay University*

Foley

Groes

2020

Scandinavian J Economics

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We investigate whether delaying entrance into university is affected by restrictions on admissions into competitive programs. Using Danish administrative data, we estimate a dynamic discrete choice model, in which students choose, if admitted, either to enter one of 30 programs or to delay. We use the model to examine delaying choices under different simulated admissions policies. Our experiments suggest that only 28 percent of students who delay do so because of admissions restrictions. Furthermore, although students respond to admissions incentives, our results imply that such policies are unlikely to substantially change the overall distribution of delay.

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Section: Previous Researchmentioning

confidence: 90%

Admissions Constraints and the Decision to Delay University*

Foley

Groes

2020

Scandinavian J Economics

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“…Holmlund et al (2008) come to similar conclusions for Sweden although they also suggest that the penalty erodes with time. In contrast, Ferrer & Menendez (2014) suggest that, in Canada, graduates who delay their education receive a premium relative to those who do not. Adult learning is particularly common in the United Kingdom; in 2004 more than …fteen percent of thirty to thirty-nine year-olds were students, a higher level than in any other OECD country (OECD 2009).…”

Section: Introductionmentioning

confidence: 89%

The effect of lifelong learning on men’s wages

2015

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This paper develops a model of earnings and applies this to an examination of the e¤ect of lifelong learning on men's wages. Using data from the British Household Panel Survey, a variant of the mover-stayer model is developed in which hourly wages are either taken from a stationary distribution (movers) or are closely related to the hourly wage one year earlier (stayers). Mover-stayer status is not observed and we therefore model wages using an endogenous switching regression, estimated by maximum likelihood. Methodologically, the results support the mover-stayer characterisation since the restrictions required for the simpler speci…cations popular in the literature are rejected. Substantively, simulation of the estimated model shows some statistically signi…cant e¤ects from acquiring quali…cations of a higher level than those previously held, but not from acquiring quali…cations of the same level.JEL Codes: C33, C35, I20, J24, J31, J63

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“…It can be stated that from an international viewpoint examining the labour market aspects of master's courses is relevant in many countries (Table 1). The individual returns of master's education (from students' perspective) have been studied from various angles, and also their effect on income curve for example in the USA (Engbom and Moser, 2017; Hamlen and Hamlen, 2016; Lindey and Machin, 2016; Bardhan et al , 2013; Stevenson, 2016; Zhao et al , 2006), in Germany (Silvester et al , 2014; Mertens and Röbken, 2013), in Canada (Ferrer and Menendez, 2014); in China (Hartog et al , , 2014), in the UK (Gray, 2008); and in Central-Eastern Europe (Maršíková, 2015 Cismas et al , 2016; Poladashvili, 2018; Kume & Dhamo, 2013); however, only a few investigate the aspects of the major subject. Overall it can be established that it is worth earning a master's degree in most countries, because it results in higher salary premium and better chances in finding employment.…”

Section: The Conceptional Foundation Of Major Subject Diversification Strategy – Literature Reviewmentioning

confidence: 99%

Is it worth for bachelor graduates to diversify study programme for master level?

Balogh

Sipos

2020

IJEM

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PurposeThe purpose of this paper is to add supplement to the theory of human capital with a less researched aspect: diversification possibilities of the professional profile. Our empirical analysis tested the research question, whether there is a significant difference between diversificational and specialist career strategies in the BA-MA transition based on labour market data on salaries and time of getting employment.Design/methodology/approachPresent study analyses data from the Graduate Career Tracking System from 2011 to 2015 and the Integrated Administrative Databases from 2017. Graduates of master's courses were divided and compared in three groups: generalists, specialists and field changers. To evaluate career strategies the measurement of success was based on salaries and the time taken to get jobs.FindingsThe analysis showed that there are visible differences between the results of the three groups regarding factors of employment, so at the time of reaching the absolutorium a lower rate of major subject changers are employed, while field changers get jobs significantly faster. Based on net salaries we could not reveal a difference between major subject retainers and changers, while field changers earn significantly more.Practical implicationsSpecialists (major subject retainers) have jobs that match with their degree and specialty outstandingly, field changers have notably weaker matches, while major subject changers differ only minimally. Considering this it may be due to distorted perception that specialists think the least that their master's studies are essential for the proper execution of their jobs.Originality/valueIn the literature review we found a research gap: Although there is a large number of excellent works analysing the effects of education on wages (salary curve) and career, but only a few of them investigates the impact of the professional portfolio (diversification or specialisation). The novelty of our research is that we developed a new methodology to test this question on example of the Hungarian students of business and economics focused.

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The Puzzling Effects of Delaying Schooling on Canadian Wages

Cited by 5 publications

References 16 publications

Admissions Constraints and the Decision to Delay University*

Admissions Constraints and the Decision to Delay University*

The effect of lifelong learning on men’s wages

Is it worth for bachelor graduates to diversify study programme for master level?

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