EconPapers    
Economics at your fingertips  
 

The Changing Economic Advantage from Private School

Francis Green (), Stephen Machin (), Richard Murphy () and Yu Zhu ()

No 5018, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Despite its relatively small size, the private school sector plays a prominent role in British society. This paper focuses on changing wage and education differentials between privately educated and state educated individuals in Britain. It reports evidence that the private/state school wage differential has risen significantly over time, despite the rising cost to sending children to private school. A significant factor underpinning this has been faster rising educational attainment for privately educated individuals. Despite these patterns of change, the proportion attending private school has not altered much, nor have the characteristics of those children (and their parents) attending private school. Taken together, our findings are consistent with the idea that the private school sector has been successful in transforming its ability to generate the academic outputs that are most in demand in the modern economy. Because of the increased earnings advantage, private school remains a good investment for parents who want to opt out, but it also contributes more to rising economic and social inequality.

Keywords: returns to education; private schools (search for similar items in EconPapers)
JEL-codes: I22 I29 J31 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2010-06
New Economics Papers: this item is included in nep-edu and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Published - published in: Economica, 2012, 79 (316), 658–679

Downloads: (external link)
https://docs.iza.org/dp5018.pdf (application/pdf)

Related works:
Journal Article: The Changing Economic Advantage from Private Schools (2012) Downloads
Working Paper: The Changing Economic Advantage From Private School (2010) Downloads
Working Paper: The changing economic advantage from private school (2010) Downloads
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:iza:izadps:dp5018

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2022-09-25
Handle: RePEc:iza:izadps:dp5018