文章基本信息

标题：The Signal and the Noise: The Impact of the Bologna Process on Swiss Graduates’ Monetary Returns to Higher Education
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作者：David Glauser ; Christoph Zangger ; Rolf Becker 等
期刊名称：Social Inclusion
电子版ISSN：2183-2803
出版年度：2019
卷号：7
期号：3
页码：154-176
DOI：10.17645/si.v7i3.2100
出版社：Cogitatio
摘要：Using longitudinal data on university leaver cohorts in the period from 2006 to 2016, we investigate the impact of the Bologna reform on Swiss graduates’ returns to higher education. Drawing on the job market signaling model, we expect lower returns for graduates who enter the labor market with a bachelor’s degree. Moreover, we expect that the initial wage difference between bachelor and master graduates will become less volatile over time, since employers constantly update their beliefs about graduates’ employability. Controlling for selection into employment and a number of different signals sent by the graduates, we find a persistent advantage of a master’s over a bachelor’s degree. The new degrees, and especially a bachelor’s degree, did indeed serve as a noisy signal about graduates’ productivity in the first years of the Bologna process.
关键词：Bologna reform; earnings; employment; higher education; labor market; signaling theory; Switzerland; university graduates