The Return to a University Education in Great Britain
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 attempting to control 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.
|Date of creation:||Jun 2004|
|Date of revision:|
|Publication status:||published in: National Institute Economic Review, 2005, 193 (1), 75-89|
|Contact details of provider:|| Postal: |
Phone: +49 228 3894 223
Fax: +49 228 3894 180
Web page: http://www.iza.org
|Order Information:|| Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany|
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.:
- Chevalier, Arnaud, 2003.
"Motivation, expectations and the gender pay gap for UK graduates,"
Royal Economic Society Annual Conference 2003
42, Royal Economic Society.
- Chevalier, Arnaud, 2004. "Motivation, Expectations and the Gender Pay Gap for UK Graduates," IZA Discussion Papers 1101, Institute for the Study of Labor (IZA).
- Arnaud Chevalier, 2004. "Motivation, Expectations and the Gender Pay Gap for UK Graduates," Working Papers 200403, School of Economics, University College Dublin.
- Derek Leslie, 2003. "Using success to measure quality in British higher education: which subjects attract the best-qualified students?," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 166(3), pages 329-347.
- Machin, Stephen & Puhani, Patrick A., 2002.
"Subject of Degree and the Gender Wage Differential: Evidence from the UK and Germany,"
IZA Discussion Papers
553, Institute for the Study of Labor (IZA).
- Machin, Stephen & Puhani, Patrick A., 2003. "Subject of degree and the gender wage differential: evidence from the UK and Germany," Economics Letters, Elsevier, vol. 79(3), pages 393-400, June.
- Stephen Machin & Patrick A. Puhani, 2002. "Subject of Degree and the Gender Wage Differential - Evidence from the UK and Germany," University of St. Gallen Department of Economics working paper series 2002 2002-28, Department of Economics, University of St. Gallen.
- Pereira, Pedro T. & Martins, Pedro S., 2001.
"Returns to Education and Wage Equations,"
IZA Discussion Papers
298, Institute for the Study of Labor (IZA).
- Philip Trostel & Ian Walker, 2006.
"Education and Work,"
Taylor & Francis Journals, vol. 14(4), pages 377-399.
- Trostel, P. & Walker, I., 2000. "Education and Work," The Warwick Economics Research Paper Series (TWERPS) 554, University of Warwick, Department of Economics.
- D. H. Blackaby & P. D. Murphy & N. C. O'Leary, 1999. "Graduate earnings in Great Britain: a matter of degree?," Applied Economics Letters, Taylor & Francis Journals, vol. 6(5), pages 311-315.
- Oaxaca, Ronald L. & Ransom, Michael R., 1994. "On discrimination and the decomposition of wage differentials," Journal of Econometrics, Elsevier, vol. 61(1), pages 5-21, March.
- Blundell, Richard, et al, 2000. "The Returns to Higher Education in Britain: Evidence from a British Cohort," Economic Journal, Royal Economic Society, vol. 110(461), pages F82-99, February.
- Arnaud Chevalier & Gavan Conlon, 2003.
"Does it pay to attend a prestigious university?,"
CEE Discussion Papers
0033, Centre for the Economics of Education, LSE.
- Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," LSE Research Online Documents on Economics 19477, London School of Economics and Political Science, LSE Library.
- Chevalier, Arnaud & Conlon, Gavan, 2003. "Does It Pay to Attend a Prestigious University?," IZA Discussion Papers 848, Institute for the Study of Labor (IZA).
- Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," Working Papers 200320, School of Economics, University College Dublin.
- H. Battu & C. R. Belfield & P. J. Sloane, 1999.
"Overeducation Among Graduates: a cohort view,"
Taylor & Francis Journals, vol. 7(1), pages 21-38.
- Sveinbjörn Blöndal & Simon Field & Nathalie Girouard, 2002. "Investment in Human Capital Through Post-Compulsory Education and Training: Selected Efficiency and Equity Aspects," OECD Economics Department Working Papers 333, OECD Publishing.
- Dan A. Black & Seth Sanders & Lowell Taylor, 2003. "The Economic Reward for Studying Economics," Economic Inquiry, Western Economic Association International, vol. 41(3), pages 365-377, July.
- David Greenaway & Michelle Haynes, 2003. "Funding Higher Education in The UK: The Role of Fees and Loans," Economic Journal, Royal Economic Society, vol. 113(485), pages F150-F166, February.
When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp1199. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Fallak)
If references are entirely missing, you can add them using this form.