Livanos, Ilias and Pouliakas, Konstantinos (2008): Wage Returns to University Disciplines in Greece: Are Greek Higher Education Degrees Trojan Horses?
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This paper examines the wage returns to qualifications and academic disciplines in the Greek labour market. Exploring wage responsiveness across various degree subjects in Greece is interesting, as it is characterised by high levels of graduate unemployment, which vary considerably by field of study, and relatively low levels of wage flexibility. Using micro-data from recently available waves (2002-2003) of the Greek Labour Force Survey (LFS), the returns to academic disciplines are estimated by gender and public/private sector. Quantile regressions and cohort interactions are also used to capture the heterogeneity in wage returns across the various disciplines. The results show considerable variation in wage premiums across the fields of study, with lower returns for those that have a marginal role to play in an economy with a rising services/shrinking public sector. Educational reforms that pay closer attention to the future prospects of university disciplines are advocated.
|Item Type:||MPRA Paper|
|Original Title:||Wage Returns to University Disciplines in Greece: Are Greek Higher Education Degrees Trojan Horses?|
|Keywords:||Wages, returns, academic disciplines, fields of study, Greece, heterogeneities, education reforms|
|Subjects:||J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials
J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J38 - Public Policy
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
|Depositing User:||Konstantinos Pouliakas|
|Date Deposited:||23. Jul 2009 06:09|
|Last Modified:||13. Feb 2013 08:56|
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Returns to education by academic discipline in the Greek labour market. (deposited 19. Mar 2009 05:33)
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