EconPapers    
Economics at your fingertips  
 

The Changing Economic Advantage From Private School

Francis Green (), Stephen Machin (), Richard Murphy and Yu Zhu ()

CEE Discussion Papers from Centre for the Economics of Education, LSE

Abstract: Despite its relatively small size, the private school sector plays a prominent role in British society. This paper focuses on changing wage and education differentials between privately educated and state educated individuals in Britain. It reports evidence that the private/state school wage differential has risen significantly over time, despite the rising cost of sending children to private school. A significant factor underpinning this result has been faster rising educational attainment for privately educated individuals. Despite these patterns of change, the proportion attending private school has not altered much, nor have the characteristics of those children (and their parents) attending private school. Taken together, our findings are consistent with the idea that the private school sector has been successful in transforming its ability to generate the academic outputs that are most in demand in the modern economy. Because of the increased earnings advantage, private school remains a good investment for parents who want to opt out, but this increase has also contributed to rising wage inequality and falling social mobility.

Keywords: wage differentials; educational attainment; private schools (search for similar items in EconPapers)
JEL-codes: I22 I29 J31 (search for similar items in EconPapers)
Date: 2010-04
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://cee.lse.ac.uk/ceedps/ceedp115.pdf (application/pdf)

Related works:
Journal Article: The Changing Economic Advantage from Private Schools (2012) Downloads
Working Paper: The changing economic advantage from private school (2010) Downloads
Working Paper: The Changing Economic Advantage from Private School (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cep:ceedps:0115

Access Statistics for this paper

More papers in CEE Discussion Papers from Centre for the Economics of Education, LSE
Series data maintained by ().

 
Page updated 2014-04-20
Handle: RePEc:cep:ceedps:0115