Does it pay to attend a prestigious university?
AbstractThis paper provides evidence of heterogeneity in the returns to higher education in the UK. Attending the most prestigious universities leads to a wage premium of up to 6% for males. The rise in participation in higher education also led to a greater sorting of students and an increase in the returns to quality. These results somehow justify the recent introduction of top-up fees. Additionally, identification strategy matters and OLS estimates may be severely biased. However, our estimates, based on propensity score matching, are imprecise due to the thinness of the common support.
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Bibliographic InfoPaper provided by Centre for the Economics of Education, LSE in its series CEE Discussion Papers with number 0033.
Date of creation: May 2003
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Web page: http://cee.lse.ac.uk/publications.htm
Other versions of this item:
- Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," Working Papers 200320, School Of Economics, University College Dublin.
- Chevalier, Arnaud & Conlon, Gavan, 2003. "Does It Pay to Attend a Prestigious University?," IZA Discussion Papers 848, Institute for the Study of Labor (IZA).
- I20 - Health, Education, and Welfare - - Education - - - General
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
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- John Ermisch & Marco Francesconi, 2000.
"Educational Choice, Families, and Young People's Earnings,"
Journal of Human Resources,
University of Wisconsin Press, vol. 35(1), pages 143-176.
- Ermisch, John & Francesconi, Marco, 1997. "Educational choice, families and young people's earnings," ISER Working Paper Series 97-06, Institute for Social and Economic Research.
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