London School of Economics Centre for the Economics of Education LSE
Centre for the Economics of Education  (CEE)

Abstract for:

In brief... The rewards for getting a good degree

Robin  Naylor,  Jeremy  Smith,  Shqiponja  Telhaj,  February 2016
Paper No' CEPCP464: | Full paper (pdf)
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Keywords: graduate returns; higher education participation; ability composition

JEL Classification: J31; J24; I23; D82

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This Paper is published under the following series: CentrePiece Magazine
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It pays to study hard at university, according to research by Shqiponja Telhaj and colleagues. Their study finds that there is a significant hourly wage premium for getting a first or upper second. For graduates more than five years out of university, the wage premium for a good degree is 7-9%. Does an individual’s educational achievement at university affect their pay later in life? This research looks at evidence on degree classes and UK graduate earnings during the period of expansion of higher education. It shows that as more young people get degrees, the premium for graduating with a good degree increases.

CentrePiece 20 (3) Winter2016 pages: 15-16

This article summarises ‘Graduate Returns, Degree Class Premia and Higher Education Expansion in the UK’ by Robin Naylor, Jeremy Smith and Shqiponja Telhaj, CEP Discussion Paper No.1392, November 2015.