Table 7 Open in new tab Summary of...

LFS graduates

Definition of graduates

Those whose highest qualification is at
graduate degree level: for the majority
this is ‘higher degree’ or ‘first degree’

Those who borrowed from the SLC:
includes those who borrowed and
failed to complete degree; excludes
those who did not borrow

Population

Graduates living in England at the point
of the survey who are surveyed and
respond: those with ‘variable’ earnings
and those not in households have been
excluded

10% sample of English-domiciled (on
application) borrowers from the SLC:
includes those never in contact with
HMRC and those living outside
England

Definition of cohort

Allocated based on age on August 31st in a
given year

Observed year started borrowing

Earnings

Gross weekly earnings in 1st and 2nd
job combined, multiplied by 52: weekly
earnings are imputed in the survey
based on a response period chosen by
the individual

PAYE and SA reported annual labour
income: individuals are legally required
to report

Pensions

Employer contributions usually excluded:
employee contributions usually
included

Employer and employee contributions
excluded

Proxy responses

Included (although this has limited
influence on the qualitative conclusions
of the paper)

Not applicable

Self-employment

Included, but with no earnings data

Included

Table 7

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Summary of differences between the LFS graduate and the GS data sets

	LFS graduates	GS
Definition of graduates	Those whose highest qualification is at graduate degree level: for the majority this is ‘higher degree’ or ‘first degree’	Those who borrowed from the SLC: includes those who borrowed and failed to complete degree; excludes those who did not borrow
Population	Graduates living in England at the point of the survey who are surveyed and respond: those with ‘variable’ earnings and those not in households have been excluded	10% sample of English-domiciled (on application) borrowers from the SLC: includes those never in contact with HMRC and those living outside England
Definition of cohort	Allocated based on age on August 31st in a given year	Observed year started borrowing
Earnings	Gross weekly earnings in 1st and 2nd job combined, multiplied by 52: weekly earnings are imputed in the survey based on a response period chosen by the individual	PAYE and SA reported annual labour income: individuals are legally required to report
Pensions	Employer contributions usually excluded: employee contributions usually included	Employer and employee contributions excluded
Proxy responses	Included (although this has limited influence on the qualitative conclusions of the paper)	Not applicable
Self-employment	Included, but with no earnings data	Included

	LFS graduates	GS
Definition of graduates	Those whose highest qualification is at graduate degree level: for the majority this is ‘higher degree’ or ‘first degree’	Those who borrowed from the SLC: includes those who borrowed and failed to complete degree; excludes those who did not borrow
Population	Graduates living in England at the point of the survey who are surveyed and respond: those with ‘variable’ earnings and those not in households have been excluded	10% sample of English-domiciled (on application) borrowers from the SLC: includes those never in contact with HMRC and those living outside England
Definition of cohort	Allocated based on age on August 31st in a given year	Observed year started borrowing
Earnings	Gross weekly earnings in 1st and 2nd job combined, multiplied by 52: weekly earnings are imputed in the survey based on a response period chosen by the individual	PAYE and SA reported annual labour income: individuals are legally required to report
Pensions	Employer contributions usually excluded: employee contributions usually included	Employer and employee contributions excluded
Proxy responses	Included (although this has limited influence on the qualitative conclusions of the paper)	Not applicable
Self-employment	Included, but with no earnings data	Included

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