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Graduate Labour Market

Explore the dynamics of graduate labor market flows in England, Scotland, Wales, and Northern Ireland. Utilize data sources such as HESA and surveys to analyze trends in student numbers and employment. Investigate factors impacting returns to higher education and policy implications.

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Graduate Labour Market

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  1. Graduate Labour Market Cher Li and Robert E. Wright Department of Economics

  2. Higher education institutions “produce” goods and services • Examples: • Knowledge • Research • Patents and other intellectual property • Consulting services • Accommodation services • Conference services • One main “output” is “skilled labour” • HEIs “produce” workers

  3. One of our objectives is to quantify the nature of graduate labour market flows • Why? • Not a great deal is know about this. • Regional focus: England, Scotland, Wales and Northern Ireland • Interested in the export and import of graduates • Information along these lines will be fed into the CGE analysis

  4. Data Sources • Need micro-data • No single data sources available • Surveys such as the BHPS, LFS, NES, GHS and FRS can be used. • Higher Education Statistical Agency (HESA) data

  5. HESA is the official agency for the collection, analysis and dissemination of quantitative information about higher education. • Four main data banks • (1) Destinations of leavers from HEIs • (2) Students in HEIs • (3) Staff in HEIs • (4) Financial aspects of HEIs • 12 waves available from 1994/95 to 2005/2006

  6. 2. Trends at United Kingdom Level

  7. 3. Regional Trends

  8. Number of Students • (Source: HESA) • Region 1994/95 2005/06 % Change • England 1,302,182 1,936,430 48.7 • Scotland 148,908 215,820 44.9 • Wales 80,125 129,225 61.3 • Northern Ireland 36,098 54,630 51.3 • United Kingdom 1,567,313 2,336,105 49.1

  9. 4. Employment

  10. 4. Future Directions • Socio-economic characteristics of regional graduate flows • “Returns” to higher education (earnings differences) • Changes in returns over time • Over-education? • Education policy and participation rates. Selection issues?

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