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Table 4 Relative returns to tertiary education over lower secondary education at different quartiles of the log wage distribution

From: The changing graduate labour market: analysis using a new indicator of graduate jobs

 

p25

p50

p75

All (N = 13,060)

 P1 (1997/2001)

0.473***

0.500***

0.510***

(0.0202)

(0.0186)

(0.0195)

 P2 (2006/2012)

0.420***

0.538***

0.586***

(0.0250)

(0.0188)

(0.0275)

Men (N = 6509)

 P1 (1997/2001)

0.392***

0.453***

0.491***

(0.0308)

(0.0236)

(0.0290)

 P2 (2006/2012)

0.407***

0.531***

0.541***

(0.0358)

(0.0306)

(0.0410)

Women (N = 6551)

 P1 (1997/2001)

0.519***

0.541***

0.551***

(0.0249)

(0.0254)

(0.0309)

 P2 (2006/2012)

0.417***

0.547***

0.583***

(0.0286)

(0.0246)

(0.0252)

  1. Note: Reported figures are the marginal effects of tertiary education on log real hourly pay over lower secondary education at the first, second, and third quartiles of the earnings distribution after controlling for age, age squared, sex (pooled model only), dummies for ethnicity (Asian, African, other, missing, and White as reference group), marital status, indicator for dependent children in the household, and a London dummy. Data from SES for the whole workforce in the age bracket 25–60. All models use survey weights.  *p < .1; **p < .05; ***p < .01     
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