EconPapers    
Economics at your fingertips  
 

Returning to returns: revisiting the British education evidence

Peter Dolton and Matteo Sandi

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We revisit the question of what is the rate of return to education in Great Britain. We make two contributions. Firstly, we re-assess the robustness of Harmon and Walker (1995), Oreopoulos (2006) and Devereux and Hart (2010) to equation specification and estimation method. Secondly, we generalize the previous IV approaches by using the month of birth in the calculation of a more accurate IV exploiting the 1947, 1963 and 1972 UK School Leaving Age reforms. Our results highlight the importance of equation specification and they provide a robust case for a 6% Rate of Return to Education for men

JEL-codes: N0 R14 J01 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his
Date: 2017-07-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Published in Labour Economics, 5, July, 2017, 48, pp. 87-104. ISSN: 0927-5371

Downloads: (external link)
http://eprints.lse.ac.uk/85152/ Open access version. (application/pdf)

Related works:
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: https://EconPapers.repec.org/RePEc:ehl:lserod:85152

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().

 
Page updated 2019-08-15
Handle: RePEc:ehl:lserod:85152