Earnings Returns to the British Education Expansion
|Title:||Earnings Returns to the British Education Expansion||Authors:||Devereux, Paul J.
|Permanent link:||http://hdl.handle.net/10197/6387||Date:||Jun-2011||Online since:||2015-02-20T13:33:45Z||Abstract:||We study the effects of the large expansion in British educational attainment that took place for cohorts born between 1970 and 1975. Using the Quarterly Labour Force Survey, we find that the expansion caused men to increase education by about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a similar increase in wages. Clearly, there was a sizeable gain from being born late enough to take advantage of the greater educational opportunities offered by the expansion. Treating the expansion as an exogenous increase in educational attainment, we obtain instrumental variables estimates of returns to schooling of about 6% for both men and women.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Start page:||1||End page:||37||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP11/11||Keywords:||Return to education; Higher education expansion||Other versions:||http://www.ucd.ie/t4cms/WP11_11.pdf||Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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