The Return to a University Education in Great Britain
37 Pages Posted: 21 Jul 2004
Date Written: June 2004
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 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.
Keywords: education, wages
JEL Classification: I2, J0, J3
Suggested Citation: Suggested Citation
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