A Study of the Factors Affecting Participation in Post-compulsory, Full-time Education and Government Supported Training by 16-18 year-olds in England and Wales

C. F. Pratten, Donald Robertson and J. R. Tatch

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: Aggregated data are used to investigate participation in education and training, and it is found that it is appropriate to model the aggregate participation rates using a sequential choice model, whereby training choices are made ex-post by school-leavers. Both investment- side and consumption-side factors are identified affecting the participation rates, in line with the theory that education is both a consumption and an investment good. In addition, a strong effect is found from aggregate academic performance, suggesting changes in education policy made a significant contribution to the increasing uptake of post-compulsory eduction in recent years.

Date: 1997-06
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:9711

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