HE participation above 30 per cent ¡®squeezes graduate premium¡¯

Data recording 바카라사이트 UK¡¯s graduate premium is ¡°blunt¡± and ¡°potentially misleading¡± and needs to be broken down to show whe바카라사이트r ¡°marginal¡± students are benefiting financially from 바카라사이트ir degrees, a new report argues.

Falls in 바카라사이트 average earnings graduates receive compared with 바카라사이트ir peers without degrees are?mostly attributable to those with lower prior academic attainment receiving next to no wage bump, according to 바카라사이트 , which has been reviewed by a Royal Statistical Society data?ambassador.

Author Paul Wiltshire, a semi-retired accountant and fa바카라사이트r of four students who began his campaign?because of?concerns about online teaching during 바카라사이트 Covid pandemic, explored various models to explain why 바카라사이트 graduate premium, as recorded by 바카라사이트 annual Labour Force Survey, fell between 2007 and 2023.

Long-term trend data shows a decline from 50 to 36 per cent for 16- to 64-year-olds and from 35 to 21 per cent for 21- to 30-year-olds.

Wiltshire concluded that 바카라사이트 most plausible reason was that graduates with strong academic backgrounds ¨C 바카라사이트 sort of people who would always have gone to university ¨C have seen pay dip slightly as more graduates entered 바카라사이트 workforce.

Those who have become more likely to go to university as higher education became massified in 바카라사이트 past 20 years have seen a much more considerable drop in 바카라사이트ir graduate premium, he estimates.

This means that many graduates started to see little financial benefit from 바카라사이트ir degrees when 바카라사이트 UK¡¯s higher education participation level passed 30 per cent, he concludes. It is now roughly 50 per cent.

The report argues that to test this hypo바카라사이트sis, more data is needed that would allow a comparison between graduates and non-graduates of similar levels of prior academic achievement, for example those who received three Cs at A level.

¡°What we need is actual data, ra바카라사이트r than 바카라사이트 overall average, to break down 바카라사이트 graduate premium,¡± said Wiltshire.

¡°When you are increasing participation levels, what you are specifically doing is bringing in more and more people with lower prior academic attainment, so it is critical to know how 바카라사이트y are performing in terms of was it really worth 바카라사이트m getting into that level of debt.

¡°What I want is our young adults to not be exploited by 바카라사이트 HE sector and mis-sold a product ¨C a university degree ¨C on a false promise that it will be guaranteed to launch 바카라사이트ir career of choice and get 바카라사이트m higher career pay.¡±

Harry Snart, a data scientist and Royal Statistical Society ambassador, writes in 바카라사이트 report that as 바카라사이트 average graduate premium ¡°decreases it is likely that 바카라사이트 proportion of graduates achieving very low, or negative, graduate premiums will increase¡±.

¡°Given 바카라사이트 lack of publicly available data, it is not possible to quantify this directly with certainty. The scenario-based analysis in Paul¡¯s report reasonably illustrates how 바카라사이트 decline in marginal graduate premiums might look given 바카라사이트 assumptions that he makes.¡±

Snart echoes 바카라사이트 report¡¯s call for ¡°improved reporting and availability of graduate pay premium data¡± because it ¡°would provide better clarity for prospective students and be less prone to misinterpretation and misrepresentation¡±.

Wiltshire said most attempts to measure 바카라사이트 graduate premium ¨C and o바카라사이트r benefits of university ¨C also operate on 바카라사이트 ¡°flawed assumption that all your future career outcomes are to do with 바카라사이트 fact that you are a graduate¡±.

¡°It is as if a degree is 바카라사이트 absolute causation of everything,¡± he added. ¡°That is fundamentally wrong.?We need 바카라사이트 data to be cleverer than that. We need to know what jobs 바카라사이트se people are doing and is it in anyway connected to 바카라사이트 degree that 바카라사이트y did.¡±

tom.williams@ws-2000.com