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.
- Language
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Englisch
- Bibliographic citation
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Series: UCD Centre for Economic Research Working Paper Series ; No. WP11/11
- Classification
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Wirtschaft
- Subject
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return to education
higher education expansion
- Event
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Geistige Schöpfung
- (who)
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Devereux, Paul J.
Fan, Wen
- Event
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Veröffentlichung
- (who)
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University College Dublin, UCD School of Economics
- (where)
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Dublin
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Devereux, Paul J.
- Fan, Wen
- University College Dublin, UCD School of Economics
Time of origin
- 2011
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