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The Return to a University Education in Great Britain

Author

Listed:
  • Nigel C. O’Leary

    (n.c.oleary@swan.ac.uk)

  • Peter J. Sloane

Abstract

In this paper, we estimate the rate of return to first degrees, Masters degrees and PhDs in Britain using data from the Labour Force Survey. We estimate returns to broad subject groups and more narrowly defined disciplines, distinguishing returns by gender and controlling for variations in student quality across disciplines. The results reveal considerable heterogeneity in returns to particular degree programmes and by gender, which have important policy implications for charging students for the costs of their education.

Suggested Citation

  • Nigel C. O’Leary & Peter J. Sloane, 2005. "The Return to a University Education in Great Britain," National Institute Economic Review, National Institute of Economic and Social Research, vol. 193(1), pages 75-89, July.
  • Handle: RePEc:sae:niesru:v:193:y:2005:i:1:p:75-89
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    education; wages;

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J0 - Labor and Demographic Economics - - General
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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