Does Higher Education Quality Matter in the UK?
No 8363, IZA Discussion Papers from Institute of Labor Economics (IZA)
This paper estimates the financial returns to higher education quality in the UK. To account for the selectivity of students to institution, we rely on a selection on observable assumptions. We use several estimates including the Generalised Propensity Score of Hirano and Imbens, which relies on a continuous measure of institutional quality. This highlights that the returns to quality are heterogenous, and mostly driven by high quality institutions. Moving from an institution in the 3rd quality quartile to a top quality institution is associated with a 7% increase in earnings.
Keywords: generalised propensity score; returns to education; college quality (search for similar items in EconPapers)
JEL-codes: I22 J31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-lab and nep-lma
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Published in: Research in Labor Economics, 2014, 40, 257-292
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Chapter: Does Higher Education Quality Matter in the UK? (2014)
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