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ERIC Number: EJ945788
Record Type: Journal
Publication Date: 2011
Pages: 35
Abstractor: As Provided
Reference Count: 55
ISBN: N/A
ISSN: ISSN-0964-5292
Wage Returns to University Disciplines in Greece: Are Greek Higher Education Degrees Trojan Horses?
Livanos, Ilias; Pouliakas, Konstantinos
Education Economics, v19 n4 p411-445 2011
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 with the 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, 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. (Contains 15 notes and 13 tables.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Greece