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The Effect of Labour Market Conditions on the Time-to-Completion of Higher Education in Denmark

Author

Listed:
  • Gupta, Nabanita Datta

    (The Danish National Institute of Social Research)

  • An, Mark Yuying

    (Fannie Mae, U.S.A.,)

Abstract

The effect of labour market conditions on the time-to-completion of higher education is analysed on a sample of high school graduates and equivalents drawn from the 0.5% Danish Longitudinal Sample database. A semi-parametric hazard model of education duration with correction for unobserved heterogeneity is proposed and estimated. Results indicate that completion hazard is significantly affected by individual background characteristics, program-specific factors and labour market variables. The expected wage upon completion significantly increases degree completion hazard while the higher the individual's own earnings while studying, the lower the completion hazard. However, the unemployment degree that students may expect to face upon graduation does not, as expected, have a delaying impact on education completion.

Suggested Citation

  • Gupta, Nabanita Datta & An, Mark Yuying, 2005. "The Effect of Labour Market Conditions on the Time-to-Completion of Higher Education in Denmark," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2005(1), pages 81-103.
    • Handle: RePEc:hhs:jdaecn:0163
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    Keywords

    Labour market conditions; education;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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