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Does it pay to attend a prestigious university?

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Author Info
Arnaud Chevalier (University College Dublin)
Gavan Conlon (University College Dublin)

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Abstract

This 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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File URL: http://www.ucd.ie/economics/research/papers/2003/WP03.20.pdf
File Format: application/pdf
File Function: First version, 2003
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Publisher Info
Paper provided by School Of Economics, University College Dublin in its series Working Papers with number 200320.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 33 pages
Date of creation: 16 Aug 2003
Date of revision:
Handle: RePEc:ucn:wpaper:200320

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Postal: UCD, Belfield, Dublin 4
Phone: +353-1-7067777
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Web page: http://www.ucd.ie/economics
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Related research
Keywords: Higher Education Quality; Tuition fees;

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Find related papers by JEL classification:
I20 - Health, Education, and Welfare - - Education - - - General
I22 - Health, Education, and Welfare - - Education - - - Educational Finance

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Eliasson, Kent, 2006. "How Robust is the Evidence on the Returns to College Choice? Results Using Swedish Administrative Data," UmeÃ¥ Economic Studies 692, Umeå University, Department of Economics. [Downloadable!]
  2. Massimiliano Bratti & Robin Naylor & Jeremy Smith, 2005. "Variations in the Wage Returns to a First Degree: Evidence from the British Cohort Study 1970," IZA Discussion Papers 1631, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  3. Eliasson, Kent, 2006. "The Role of Ability in Estimating the Returns to College Choice: New Swedish Evidence," UmeÃ¥ Economic Studies 691, Umeå University, Department of Economics. [Downloadable!]
  4. Seamus McGuinness, 2005. "How Biased are the Estimated Wage Impacts of Overeducation? A Propensity Score Matching Approach," Working Papers ERINI 7, Economic Research Institute of Northern Ireland. [Downloadable!]
    Other versions:
  5. Wiji Arulampalam & Robin A. Naylor & Jeremy Smith, 2005. "Doctor Who? Who Gets Admission Offers in UK Medical Schools," IZA Discussion Papers 1775, Institute for the Study of Labor (IZA). [Downloadable!]
  6. Julia Varga, 2003. "The Role of Labour Market Expectations and Admission Probabilities in Students' Application Decisions on Higher Education: the case of Hungary," Budapest Working Papers on the Labour Market 0308, Institute of Economics, Hungarian Academy of Sciences. [Downloadable!]
    Other versions:
  7. Ireland, Norman & Naylor, Robin A. & Smith, Jeremy & Telhaj, Shqiponja, 2009. "Educational Returns, ability composition and cohort effects : theory and evidence for cohorts of early-career UK graduates," The Warwick Economics Research Paper Series (TWERPS) 906, University of Warwick, Department of Economics. [Downloadable!]
    Other versions:
  8. Massimiliano Bratti, 2006. "Social Class and Undergraduate Degree Subject in the UK," IZA Discussion Papers 1979, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  9. Eliasson, Kent, 2006. "College Choice And Earnings Among University Graduates In Sweden," UmeÃ¥ Economic Studies 693, Umeå University, Department of Economics. [Downloadable!]
  10. Sloane, Peter J. & O'Leary, Nigel C., 2004. "The Return to a University Education in Great Britain," IZA Discussion Papers 1199, Institute for the Study of Labor (IZA). [Downloadable!]
  11. Bratti, Massimiliano & Naylor, Robin & Smith, Jeremy, 2007. "Different returns to different degrees? Evidence from the British Cohort Study 1970," The Warwick Economics Research Paper Series (TWERPS) 783, University of Warwick, Department of Economics. [Downloadable!]
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This page was last updated on 2009-12-10.

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