University quality and other educational experiences as determinants for earnings
Conventional studies on economics of education have focused on the effect of educational quantity on wages. We focus on the quality, in particular university quality. This is pertinent considering the recent changes in Singapore’s university education landscape. As the government initializes decentr...
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2016
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/66420 |
| _version_ | 1826120602239369216 |
|---|---|
| author | Lee, Wei Jhin Eugene Ong, Shi Wei Daryl Zhang, Shida Anson |
| author2 | Leong Kaiwen |
| author_facet | Leong Kaiwen Lee, Wei Jhin Eugene Ong, Shi Wei Daryl Zhang, Shida Anson |
| author_sort | Lee, Wei Jhin Eugene |
| collection | NTU |
| description | Conventional studies on economics of education have focused on the effect of educational quantity on wages. We focus on the quality, in particular university quality. This is pertinent considering the recent changes in Singapore’s university education landscape. As the government initializes decentralization to push for a more market-based higher education sector, more Singaporean students are undertaking full-time degree programmes at private higher education institutions. This paper studies the returns to university quality and other educational experiences in Singapore. After using Instrumental Variable method to treat for expected endogeneity issues, we find that the returns to university quality is significant and positive for both starting wage and current wage of business school graduates in Singapore. We also examine the returns to university educational experiences such as internship and class of honors. We obtain positive significant estimates albeit smaller size of coefficients than expected. |
| first_indexed | 2024-10-01T05:19:08Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/66420 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:19:08Z |
| publishDate | 2016 |
| record_format | dspace |
| spelling | ntu-10356/664202019-12-10T10:58:36Z University quality and other educational experiences as determinants for earnings Lee, Wei Jhin Eugene Ong, Shi Wei Daryl Zhang, Shida Anson Leong Kaiwen School of Humanities and Social Sciences DRNTU::Social sciences::Statistics DRNTU::Social sciences::Economic theory::Microeconomics Conventional studies on economics of education have focused on the effect of educational quantity on wages. We focus on the quality, in particular university quality. This is pertinent considering the recent changes in Singapore’s university education landscape. As the government initializes decentralization to push for a more market-based higher education sector, more Singaporean students are undertaking full-time degree programmes at private higher education institutions. This paper studies the returns to university quality and other educational experiences in Singapore. After using Instrumental Variable method to treat for expected endogeneity issues, we find that the returns to university quality is significant and positive for both starting wage and current wage of business school graduates in Singapore. We also examine the returns to university educational experiences such as internship and class of honors. We obtain positive significant estimates albeit smaller size of coefficients than expected. Bachelor of Arts 2016-04-05T06:52:19Z 2016-04-05T06:52:19Z 2016 Final Year Project (FYP) http://hdl.handle.net/10356/66420 en Nanyang Technological University 59 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Statistics DRNTU::Social sciences::Economic theory::Microeconomics Lee, Wei Jhin Eugene Ong, Shi Wei Daryl Zhang, Shida Anson University quality and other educational experiences as determinants for earnings |
| title | University quality and other educational experiences as determinants for earnings |
| title_full | University quality and other educational experiences as determinants for earnings |
| title_fullStr | University quality and other educational experiences as determinants for earnings |
| title_full_unstemmed | University quality and other educational experiences as determinants for earnings |
| title_short | University quality and other educational experiences as determinants for earnings |
| title_sort | university quality and other educational experiences as determinants for earnings |
| topic | DRNTU::Social sciences::Statistics DRNTU::Social sciences::Economic theory::Microeconomics |
| url | http://hdl.handle.net/10356/66420 |
| work_keys_str_mv | AT leeweijhineugene universityqualityandothereducationalexperiencesasdeterminantsforearnings AT ongshiweidaryl universityqualityandothereducationalexperiencesasdeterminantsforearnings AT zhangshidaanson universityqualityandothereducationalexperiencesasdeterminantsforearnings |