The Effect of the Bologna Reform on the Graduate Labor Market
Under review (2022)
The Bologna reform is the largest education reform of the 21st century in Europe. In 2011, this reform shortened the duration of undergraduate programs by one year and reduced the content of the curricula in Russia. Using this reform as a natural experiment, I find no adverse effect of a 20% reduction in the length of higher education on employment. The reform has also no negative effects on wages for graduates who worked less during their studies. A possible mechanism of no adverse effects is that students could compensate for the loss of their human capital by investing more time in studying.
Coverage in English: IQ.hse
Coverage in Russian: IQ.hse, ИНИД
Awards: Best Master’s Thesis Awards in Economics and Policy Evaluation by Higher School of Economics, European University at Saint Petersburg, and Accounts Chamber of Russia