Rates of Return to Degrees across British Regions
AbstractEarlier papers have found considerable heterogeneity in the returns to degrees in relation to subjects of study, degree classification and higher education institution. In this paper we examine heterogeneity of returns across British regions using the Labour Force Survey. We find substantial variations in the financial rewards available to graduates across regions with much higher returns in London and the South East than elsewhere, although adjusting for regional differences in the cost-of-living narrows such differences considerably. Decompositional analysis, after controlling for regional differences in both occupational and industrial structures, suggests that coefficient effects dominate composition effects, consistent with agglomeration effects being important. These results have implications for the recent changes to student funding in England, Scotland and Wales.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1947.
Length: 29 pages
Date of creation: Jan 2006
Date of revision:
Publication status: published in: Regional Studies, 2008, 42(2), 199-213
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Other versions of this item:
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-02-05 (All new papers)
- NEP-EDU-2006-02-05 (Education)
- NEP-EEC-2006-02-05 (European Economics)
- NEP-GEO-2006-02-05 (Economic Geography)
- NEP-HRM-2006-02-05 (Human Capital & Human Resource Management)
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