 Changes in the returns to schooling 1991-2002: evidence from the British Household Panel SurveySeamus McGuinness and Jessica Bennett Education Economics, 2009, vol. 17, issue 2, 167-184 Abstract: The present paper uses British Household Panel Survey data from 1991 to 2002 to assess the extent to which labour market returns have been influenced by changes in the nature of educational supply. We find that whilst there have been substantial shifts in the returns to schooling over the period, these effects are much more pronounced for younger workers. The most notable change was the complete elimination of the premium for GCSE's over no qualifications for both males and females under 30 years old and the fall in the returns to vocational degrees for young males. The disappearance of the GCSE premium, which, it is argued, is linked to a rising demand for low-qualified workers, was found to temper the rise in inequality, while the rise in educational participation was found to substantially increase male graduate wage dispersion. Keywords: returns to education; wage inequality; cohort effects (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:edecon:v:17:y:2009:i:2:p:167-184 Ordering information: This journal article can be ordered from DOI: 10.1080/09645290802133198 Access Statistics for this article Education Economics is currently edited by Caren Wareing and Steve Bradley More articles in Education Economics from Taylor & Francis Journals |
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