RT Article
T1 The Signal and the Noise: The Impact of the Bologna Process on Swiss Graduates’ Monetary Returns to Higher Education
JF Social Inclusion
VO 7
IS 3
SP 154
OP 176
A1 Glauser, David 1978-
A1 Zangger, Christoph
A1 Becker, Rolf 1960-
LA English
PB Cogitatio Press
YR 2019
UL https://www.ixtheo.de/Record/1788366522
AB 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.
K1 Bologna reform
K1 Switzerland
K1 earnings
K1 Employment
K1 Higher Education
K1 Labor Market
K1 Signaling theory
K1 university graduates
DO 10.17645/si.v7i3.2100