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Forced to be Rich? Returns to Compulsory Schooling in Britain

Author

Listed:
  • Paul J. Devereux

    (School of Economics and Geary Institute UCD, CEPR and IZA)

  • Robert A. Hart

    (Department of Economics, University of Stirling and IZA)

Abstract

Do students benefit from compulsory schooling? In an important article, Oreopoulos (2006) studied the 1947 British compulsory schooling law change and found large returns to schooling of about 15% using the General Household Survey (GHS). Reanalysing this dataset, we find much smaller returns of about 3% on average with no evidence of any positive return for women and a return for men of 4-7%. Additionally, we utilize the New Earnings Survey Panel Data-set (NESPD) that has earnings information superior to that in the GHS and find similar estimates: zero returns for women and returns of 3 to 4% for men.

Suggested Citation

  • Paul J. Devereux & Robert A. Hart, 2009. "Forced to be Rich? Returns to Compulsory Schooling in Britain," Working Papers 200940, Geary Institute, University College Dublin.
    • Handle: RePEc:ucd:wpaper:200940
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    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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