Forced to be rich? Returns to compulsory schooling in Britain

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Title: Forced to be rich? Returns to compulsory schooling in Britain
Authors: Devereux, Paul J.
Hart, Robert A.
Permanent link: http://hdl.handle.net/10197/2622
Date: Nov-2009
Abstract: Do students benefit from compulsory schooling? In an important article, Oreopoulos (2006) studied the 1947 British compulsory schooling law change and found large returns to schooling of about 15% using the General Household Survey (GHS). Reanalysing this dataset, we find much smaller returns of about 3% on average with no evidence of any positive return for women and a return for men of 4-7%. Additionally, we utilize the New Earnings Survey Panel Data-set (NESPD) that has earnings information superior to that in the GHS and find similar estimates: zero returns for women and returns of 3 to 4% for men.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
University College Dublin. Geary Institute
Subject LCSH: Education, Compulsory--Great Britain
Wages--Effect of education on
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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