Economic Value of the Doctorates: Findings from a Systematic Literature Review

Autor/inn/en	Hawkes, Denise; Griazina, Aleksandra
Titel	Economic Value of the Doctorates: Findings from a Systematic Literature Review
Quelle	In: Work Based Learning e-Journal International, 8 (2019) 2, (27 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	2044-7868
Schlagwörter	Outcomes of Education; Doctoral Programs; Graduate Students; Economic Factors; Human Capital; Education Work Relationship; Labor Market; Expectation; Transfer of Training; Debt (Financial); Wages; Job Satisfaction; Writing for Publication + Suchen Sie Ihr Suchwort? Lernleistung; Schulerfolg; Doktorandenprogramm; Graduate Study; Student; Students; Aufbaustudium; Graduiertenstudium; Hauptstudium; Studentin; Ökonomischer Faktor; Humankapital; Labour market; Arbeitsmarkt; Expectancy; Erwartung; Training; Transfer; Ausbildung; Wage; Löhne; Labor; Labour; Satisfaction; Arbeit; Zufriedenheit
Abstract	Following human capital theory, the investment in education should result in wage gains over time and increased productivity. Thuswise, some governments became more active in stimulating citizens into pursuing advanced degrees by introducing loans and other support schemes. British policy makers went further by first launching graduate loans for students pursuing Master degrees followed by announcing the loan scheme for PhD students to start in 2018. Will keeping more young professionals away from joining the labour force and increasing their educational debt pay off in economic terms for those students? This systematic literature review is motivated by the possible contradiction in governmental objective to increase the number of doctoral students, while their ability to find the jobs which fit their qualifications and payment expectations might be questioned. This review shows that systematic data on doctoral graduates and the labour market is quite limited, with employers outside academia mostly being unsatisfied with lack of 'commercial awareness', flexibility and adaptivity to new environments in young PhD degree holders. At the same time the role of the degree and expectations coming with it are changing and doctorate students are expected not only to produce a thesis, but to teach, publish papers and develop transferable skills. (As Provided).
Anmerkungen	Middlesex University. Web site: https://wblearning-ejournal.com/en/home
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01