Earnings Returns to the British Education Expansion

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Title: Earnings Returns to the British Education Expansion
Authors: Devereux, Paul J.
Wen, Fan
Permanent link: http://hdl.handle.net/10197/6387
Date: Jun-2011
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
Keywords: Return to education;Higher education expansion
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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