Abstract
The article is devoted to the impact of university quality on graduates’ wages. It combines the information on university, graduates’ wages, socio-demographic characteristics with the data on Unified State Exam (USE) enrollment rates. It is shown that the graduates of high-quality universities have stable wage premium comparing with ordinary university graduates after controlling for academic, socio-demographic and labor market factors. One additional point at the university USE enrollment rate provides the graduates with 1,4-1,5% wage premium. Earnings obtained by the graduates of most selective universities are 23% higher compared with those of the low-quality universities. Impact of the university quality measured by its status is insignificant. Work experience is a more significant predictor of recent graduates’ wages while the significance of the quality of university for recent graduates is lower than for the whole sample.
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