Evaluating the impact of education on earnings in the UK: Models, methods and results from the NCDS
Richard Blundell (),
Lorraine Dearden () and
Barbara Sianesi
No W03/20, IFS Working Papers from Institute for Fiscal Studies
Abstract:
Regression, matching, control function and instrumental variables methods for recovering the impact of education on individual earnings are reviewed for single treatment and sequential multiple treatments with and without heterogeneous returns. The sensitivity of the estimates once applied to a common dataset is then explored. We show the importance of correcting for detailed test score and family background differences and of allowing for (observable) heterogeneity in returns. We find an average return of 27% for those completing higher education versus anything less. Compared to stopping at 16 without qualifications, we find an average return to O-levels of 18%, to A-levels of 24% and to higher education of 48%.
Pages: 52 pp
Date: 2003-11-01
New Economics Papers: this item is included in nep-lab and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (72)
Downloads: (external link)
http://www.ifs.org.uk/wps/wp0320.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ifs.org.uk/wps/wp0320.pdf [301 Moved Permanently]--> https://www.ifs.org.uk/wps/wp0320.pdf [302 Found]--> https://ifs.org.uk/wps/wp0320.pdf)
Related works:
Working Paper: Evaluating the Impact of Education on Earnings in the UK: Models, Methods and Results from the NCDS (2004) 
Working Paper: Evaluating the impact of education on earnings in the UK: models, methods and results from the NCDS (2004) 
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:ifs:ifsewp:03/20
Ordering information: This working paper can be ordered from
The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE
Access Statistics for this paper
More papers in IFS Working Papers from Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC.
Bibliographic data for series maintained by Emma Hyman ().