The Influence of Age at Degree Completion on College Wage Premiums
The Influence of Age at Degree Completion on College Wage Premiums
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DOI：
10.1007/s11162-005-6932-8
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发表时间：
2005-12
影响因子：
2.1
通讯作者：
Hiromi Taniguchi
中科院分区：
文献类型：
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作者：
Hiromi Taniguchi
尽管研究表明，拥有大学学位会带来显着的工资增长，但很少有人考虑到获得学位的年龄来估计这种大学工资溢价。考虑到最近年龄较大的学生入学人数的增加，本研究探讨了溢价的大小是如何受到大学时间的影响，同时关注可能的性别差异。固定效应模型的结果显示，25岁或以上完成学位的人获得的溢价明显低于年轻毕业的人，而女性晚毕业的惩罚比男性小得多。进一步的分析表明，晚上大学的惩罚部分是由于高等教育提供的累积利益延迟开始，而妇女因晚完成学位而受到的惩罚较少，因为随着时间的推移，她们从大学教育开始获得的收益较少。
Although studies have shown a significant wage gain associated with the possession of a college degree, few have considered at what age the degree was received to estimate this college wage premium. Given the recent increase in the enrollment of older students, this study examines how the size of the premium is affected by college timing while focusing on a possible gender difference. Results from fixed-effects models show that those who complete their degree at 25 or older receive a significantly lower premium than those who graduate at a younger age, while the penalty for late graduation is much smaller for women than men. A further analysis suggests that the late college penalty is partly due to the delayed onset of the cumulative benefits higher education provides, and that women are penalized less for late degree completion because they gain less from college education over the course of time to begin with.