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Wages and the education and employment choices of young people: empirical analysis for Great Britain

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  • Rice, Patricia

Abstract

This paper examines the responsiveness of the education and employment choices of young people in Great Britain to the level of wages currently available to them in the labour market. Our results show that among young males in particular, the probability of continued participation in full-time education declines significantly as the expected wage increases. The effects for young women are smaller and not statistically significant in general. In addition, we find that the probability of being inactive – not in education, employment or training – increases also with the level of expected wage, particularly in the case of young males of lower academic ability. In the light of these findings, we assess the impact of the recent introduction of a national minimum wage for 16 and 17 year olds on education and employment decisions of young men in Great Britain. Keywords; education, employment, wages, young people

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Paper provided by Economics Division, School of Social Sciences, University of Southampton in its series Discussion Paper Series In Economics And Econometrics with number 0612.

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Date of creation: 01 Jan 2006
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Handle: RePEc:stn:sotoec:0612

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  1. Patricia Rice, 1999. "The impact of local labour markets on investment in further education: Evidence from the England and Wales youth cohort studies," Journal of Population Economics, Springer, Springer, vol. 12(2), pages 287-312.
  2. Hyslop, Dean & Stillman, Steven, 2004. "Youth Minimum Wage Reform and the Labour Market," IZA Discussion Papers 1091, Institute for the Study of Labor (IZA).
  3. Fishe, Raymond P. H. & Trost, R. P. & Lurie, Philip M., 1981. "Labor force earnings and college choice of young women: An examination of selectivity bias and comparative advantage," Economics of Education Review, Elsevier, Elsevier, vol. 1(2), pages 169-191, April.
  4. David Neumark & William Wascher, 1995. "The Effects of Minimum Wages on Teenage Employment and Enrollment: Evidence from Matched CPS Surveys," NBER Working Papers 5092, National Bureau of Economic Research, Inc.
  5. Michele Campolieti & Tony Fang & Morley Gunderson, 2005. "Minimum wage impacts on youth employment transitions, 1993-1999," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 38(1), pages 81-104, February.
  6. David Neumark & William Wascher, 1994. "Minimum Wage Effects on Employment and School Enrollment," NBER Working Papers 4679, National Bureau of Economic Research, Inc.
  7. Neumark, David & Wascher, William, 2003. "Minimum wages and skill acquisition: another look at schooling effects," Economics of Education Review, Elsevier, Elsevier, vol. 22(1), pages 1-10, February.
  8. Stephen V. Cameron & James J. Heckman, 1998. "Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 106(2), pages 262-333, April.
  9. Neumark, David & Wascher, William, 1995. "Minimum-Wage Effects on School and Work Transitions of Teenagers," American Economic Review, American Economic Association, American Economic Association, vol. 85(2), pages 244-49, May.
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