The return to master’s degree in the Russian labor market

Author:

Rozhkova K. V.1ORCID,Roshchin S. Y.1ORCID,Solntsev S. A.1ORCID,Travkin P. V.1ORCID

Affiliation:

1. HSE University

Abstract

Though master’s programmes are rapidly gaining attention from students, evidence concerning the labor market returns to master’s degree remains scarce. There is a widespread opinion that Russian employers can barely distinguish between graduates with bachelor’s and master’s degree making it unreasonable to pursue a graduate degree. This paper contradicts this opinion. Based on a unique administrative dataset about employment of Russian HEI graduates in 2020, this study reveals a significantly positive association between master’s degree acquisition and labour market outcomes one year after graduation. Master’s degree increases probability of employment by 3—8% in male sample and by 10—16% in female sample, respectively. Moreover, graduate degree is associated with a wage premium of 5—21% for females and 2—11% for males. Despite a short period of time passed after the Bologna reform, Russian labour market encourages having a graduate degree, though the size of the premium varies drastically between fields of study and types of university.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference36 articles.

1. Androuschak G. V., Prudnikova A. E. (2012). The best universities to study in: Differentiation of graduates’ salaries. Vestnik RLMS-HSE, No. 2, pp. 29—135. (In Russian).

2. Lukyanova A. L. (2010). Return to education: What meta-analysis shows. HSE Economic Journal, Vol. 14, No. 3, pp. 326—348. (In Russian).

3. Roshchin S., Rudakov V. (2016). The effect of university quality on graduates’ wages. Voprosy Ekonomiki, No. 8, pp. 74—95. (In Russian). https://doi.org/10.32609/0042-8736-2016-8-74-95

4. Rudakov V., Chirikov I., Roshchin S., Drozhzhina D. (2017). The impact of academic achievement on starting wages of Russian university graduates. Voprosy Ekonomiki, No. 3, pp. 77—102. (In Russian). https://doi.org/10.32609/0042-8736-2017-3-77-102

5. Bayard J., Greenlee E. (2009). Graduating in Canada: Profile, labour market outcomes and student debt of the class of 2005. Ottawa: Statistics Canada.

Cited by 7 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3