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Forced to be rich? Returns to compulsory schooling in Britain

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  • Paul J. Devereux
  • Robert A. Hart

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 200924, School of Economics, University College Dublin.
  • Handle: RePEc:ucn:wpaper:200924
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    File URL: http://hdl.handle.net/10197/2622
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Education; Compulsory--Great Britain; Wages--Effect of education on;

    JEL classification:

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

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