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Graduate Labour Market

Graduate Labour Market. Cher Li and Robert E. Wright Department of Economics. Higher education institutions “produce” goods and services. Examples: Knowledge Research Patents and other intellectual property Consulting services Accommodation services Conference services

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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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