Arbeitspapier

Earnings returns to the British education expansion

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.

Sprache
Englisch

Erschienen in
Series: UCD Centre for Economic Research Working Paper Series ; No. WP11/11

Klassifikation
Wirtschaft
Thema
return to education
higher education expansion

Ereignis
Geistige Schöpfung
(wer)
Devereux, Paul J.
Fan, Wen
Ereignis
Veröffentlichung
(wer)
University College Dublin, UCD School of Economics
(wo)
Dublin
(wann)
2011

Handle
Letzte Aktualisierung
20.09.2024, 08:25 MESZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Devereux, Paul J.
  • Fan, Wen
  • University College Dublin, UCD School of Economics

Entstanden

  • 2011

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