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Damiano, Argan ; Marion, Gousse ; Robert, Gary-Bobo ; Marion, Goussé. (2023) Is there a devaluation of degrees ? Unobserved heterogeneity in returns to education and early experience.
In: CEPREMAP Working Papers (Docweb). RePEc:cpm:docweb:2304.
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In contrast, the share of individuals with less than a high-school degree has decreased, but their average log-wage has increased. In general, we observe that the average real monthly wage of fulltime employees increases with education. More interestingly, we remark that there is an increase in the range of the share of individuals working full-time across education degrees. Whereas in 1998, the share of individuals working full time varied from 62% (low education level) to 68% (high education level), in 2010, the same share varied from 46% among the individuals without a high-school degree to 76% for individuals who graduated from a business (or engineering) school.
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