The Signal and the Noise: The Impact of the Bologna Process on Swiss Graduates’ Monetary Returns to Higher Education

Glauser, David; Zangger, Christoph; Becker, Rolf (2019). The Signal and the Noise: The Impact of the Bologna Process on Swiss Graduates’ Monetary Returns to Higher Education. Social Inclusion, 7(3), pp. 154-176. Cogitatio Press 10.17645/si.v7i3.2100

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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.

Item Type:

Journal Article (Original Article)

Division/Institute:

07 Faculty of Human Sciences > Institute of Education > Sociology of Education

UniBE Contributor:

Glauser, David and Becker, Rolf

Subjects:

300 Social sciences, sociology & anthropology > 370 Education
300 Social sciences, sociology & anthropology

ISSN:

2183-2803

Publisher:

Cogitatio Press

Language:

English

Submitter:

Rolf Becker

Date Deposited:

22 Jan 2020 14:21

Last Modified:

22 Jan 2020 14:21

Publisher DOI:

10.17645/si.v7i3.2100

BORIS DOI:

10.7892/boris.137124

URI:

https://boris.unibe.ch/id/eprint/137124

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