The signal and the noise: the impact of the Bologna process on Swiss graduates’ monetary returns to higher education
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Author (Corporation)
Publication date
05.09.2019
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Type
01A - Journal article
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Parent work
Social Inclusion
Special issue
Types of Education, Achievement and Labour Market Integration over the Life Course
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Volume
7
Issue / Number
3
Pages / Duration
154-176
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Publisher / Publishing institution
Cogitatio Press
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Abstract
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.
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ISBN
ISSN
2183-2803
Language
English
Created during FHNW affiliation
No
Strategic action fields FHNW
Publication status
Published
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Peer review of the complete publication
Open access category
Gold
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Citation
Glauser, D., Zangger, C., & Becker, R. (2019). The signal and the noise: the impact of the Bologna process on Swiss graduates’ monetary returns to higher education. Social Inclusion, 7(3), 154–176. https://doi.org/10.17645/si.v7i3.2100