Schooling returns, schooling decisions and educational finance

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Title: Schooling returns, schooling decisions and educational finance
Authors: Harmon, Colm
Permanent link: http://hdl.handle.net/10197/669
Date: 2002
Abstract: Given the presence of significant returns to education, it would seem logical to query why individuals choose to leave school early. This paper examines the evidence on this issue, dealing with both methodological and evidence-based findings. Drawing on existing research in the area of schooling returns, the evidence and deficiencies of the literature are explored in an effort to quantify the scale of the private return to education. The schooling decision is subsequently examined more closely, so as to investigate the effect of variables such as family income on that choice. Proposed educational finance solutions are then surveyed. Specifically, this paper reports on an experimental approach in the UK, which pays allowances to households and individual students for participation in education, thus reducing the opportunity cost of staying on at school. Finally, estimates are presented, based on an analysis of non-experimental UK data, of the probability of early school leaving, conditional on named variables.
Type of material: Journal Article
Publisher: Statistical and Social Inquiry Society of Ireland
Copyright (published version): 2003 The Statistical and Social Inquiry Society of Ireland
Keywords: Family background;Earnings;Returns to education;Educational finance
Subject LCSH: Dropouts
Education--Economic aspects
Education--Costs
Language: en
Status of Item: Peer reviewed
Appears in Collections:Geary Institute Research Collection
Economics Research Collection

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