 Schooling returns, schooling decisions and educational financeOpen Access publications from School of Economics, University College Dublin Abstract: Given the presence of significant returns to education, it would seem logical to query why individuals choose to leave school early. This paper examines the evidence on this issue, dealing with both methodological and evidence-based findings. Drawing on existing research in the area of schooling returns, the evidence and deficiencies of the literature are explored in an effort to quantify the scale of the private return to education. The schooling decision is subsequently examined more closely, so as to investigate the effect of variables such as family income on that choice. Proposed educational finance solutions are then surveyed. Specifically, this paper reports on an experimental approach in the UK, which pays allowances to households and individual students for participation in education, thus reducing the opportunity cost of staying on at school. Finally, estimates are presented, based on an analysis of non-experimental UK data, of the probability of early school leaving, conditional on named variables. Keywords: Family background; Earnings; Returns to education; Educational finance; Dropouts; Education--Economic aspects; Education--Costs (search for similar items in EconPapers) Published in: Journal of the Statistical and Social Inquiry Society of Ireland, 31() 2002 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ucn:oapubs:10197/669 Access Statistics for this paper More papers in Open Access publications from School of Economics, University College Dublin Contact information at EDIRC. |
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