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Postgraduate Education and Labor Market Outcomes: An Empirical Analysis Using Micro Data from Japan

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  • Masayuki Morikawa

Abstract

type="main" xml:id="irel12100-abs-0001"> Using a large micro dataset from Japan, this paper provides evidence on the relationship between postgraduate education and labor-market outcomes. According to the analysis, the key findings include: (1) The employment-to-population rates of females and elderly people with postgraduate educations are higher than those with undergraduate educations. (2) The postgraduate wage premium relative to undergraduates is approximately 30–40 percent, which is similar in magnitude for male and female workers. (3) The wage reduction after age 60 is less for workers with a postgraduate education. (4) The private rate of return to postgraduate education exceeds 10 percent.

Suggested Citation

  • Masayuki Morikawa, 2015. "Postgraduate Education and Labor Market Outcomes: An Empirical Analysis Using Micro Data from Japan," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 54(3), pages 499-520, July.
    • Handle: RePEc:bla:indres:v:54:y:2015:i:3:p:499-520
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    3. Fumihiko SUGA, 2017. "The Returns to Postgraduate Education," ESRI Discussion paper series 336, Economic and Social Research Institute (ESRI).
    4. MORIKAWA Masayuki, 2017. "Occupational Licenses and Labor Market Outcomes," Discussion papers 17078, Research Institute of Economy, Trade and Industry (RIETI).
    5. Tran, Tuyen Quang & Van Vu, Huong, 2020. "Wage earning differentials by field of study: Evidence from Vietnamese university graduates," International Journal of Educational Development, Elsevier, vol. 78(C).
    6. Fumihiko Suga, 2020. "The returns to postgraduate education in Japan," The Japanese Economic Review, Springer, vol. 71(4), pages 571-596, October.
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    9. MORIKAWA Masayuki, 2016. "The Effects of Artificial Intelligence and Robotics on Business and Employment: Evidence from a survey on Japanese firms," Discussion papers 16066, Research Institute of Economy, Trade and Industry (RIETI).

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