The Returns to Education for the United Kingdom
Mary A. Silles
National University of Ireland, Galway
Journal of Applied Economics. Vol. 10, No. 2, pp. 391-413, November 2007
This paper uses data from the General Household Survey to examine the economic returns to education between 1985 and 2003 for men and women in the UK. The evidence suggests that the returns to education have increased for men and declined for women. Quantile regression estimates illustrate that younger workers have come to experience more unequal returns to education across the conditional earnings distribution. The evidence suggests that both time spent in education and educational credentials are important in explaining earnings with higher qualifications always conveying higher earnings, holding years of schooling constant.
Keywords: schooling, earnings, sheepskin effects
JEL Classification: C31, I21, J31Accepted Paper Series
Date posted: December 9, 2007
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