Forced to be Rich? Returns to Compulsory Schooling in Britain

Paul Devereux and Robert Hart

Economic Journal, 2010, vol. 120, issue 549, 1345-1364

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). Re-analysing 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 utilise 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. Copyright (C) The Author(s). Journal compilation (C) Royal Economic Society 2010.

Date: 2010
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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 (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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