The Return to a University Education in Great Britain

Peter James Sloane and O'Leary, Nigel C. ()
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O'Leary, Nigel C.: University of Wales Swansea

No 1199, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: In this paper, we estimate the rate of return to first degrees, masters degrees and PhDs in Britain using data from the Labour Force Survey. We estimate returns to broad subject groups and more narrowly defined disciplines, distinguishing returns by gender and attempting to control for variations in student quality across disciplines. The results reveal considerable heterogeneity in returns to particular degree programmes and by gender, which have important policy implications for charging students for the costs of their education.

Keywords: education; wages (search for similar items in EconPapers)
JEL-codes: I2 J0 J3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu and nep-lab
Date: 2004-06
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