Earnings Returns to the British Education Expansion

Paul Devereux and Wen Fan

No 201111, Working Papers from School of Economics, University College Dublin

Abstract: We study the effects of the large expansion in British educational attainment that took place for cohorts born between 1970 and 1975. Using the Quarterly Labour Force Survey, we find that the expansion caused men to increase education by about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a similar increase in wages. Clearly, there was a sizeable gain from being born late enough to take advantage of the greater educational opportunities offered by the expansion. Treating the expansion as an exogenous increase in educational attainment, we obtain instrumental variables estimates of returns to schooling of about 6% for both men and women.

Keywords: Return to education; Higher education expansion (search for similar items in EconPapers)
Pages: 37 pages
Date: 2011-06
New Economics Papers: this item is included in nep-edu, nep-lab, nep-lma and nep-ltv
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Citations: View citations in EconPapers (61)

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http://hdl.handle.net/10197/6387 First version, 2011 (application/pdf)

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Journal Article: Earnings returns to the British education expansion (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ucn:wpaper:201111

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