Forced to be rich? Returns to compulsory schooling in Britain

Paul Devereux and Robert Hart

No 200924, Working Papers from School of Economics, University College Dublin

Abstract: Do students benefit from compulsory schooling? In an important article, Oreopoulos (2006) studied the 1947 British compulsory schooling law change and found large returns to schooling of about 15% using the General Household Survey (GHS). Reanalysing this dataset, we find much smaller returns of about 3% on average with no evidence of any positive return for women and a return for men of 4-7%. Additionally, we utilize the New Earnings Survey Panel Data-set (NESPD) that has earnings information superior to that in the GHS and find similar estimates: zero returns for women and returns of 3 to 4% for men.

Keywords: Education, Compulsory--Great Britain; Wages--Effect of education on (search for similar items in EconPapers)
Date: 2009-11
New Economics Papers: this item is included in nep-edu and nep-lab
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Citations: View citations in EconPapers (9)

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http://hdl.handle.net/10197/2622 First version, 2009 (application/pdf)

Related works:
Journal Article: Forced to be Rich? Returns to Compulsory Schooling in Britain (2010)
Working Paper: Forced to be Rich? Returns to Compulsory Schooling in Britain (2009)
Working Paper: Forced to be Rich? Returns to Compulsory Schooling in Britain (2008)
Working Paper: Forced to Be Rich? Returns to Compulsory Schooling in Britain (2008)
Working Paper: Forced to be Rich? Returns to Compulsory Schooling in Britain (2008)
Working Paper: Forced to be rich? Returns to compulsory schooling in Britain (2008)
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