Heterogeneities in the Returns to Degrees: Evidence from the British Cohort Study 1970

DEAS, University of Milan, Departmental Working Paper No. 2008-40

32 Pages Posted: 22 Dec 2008

See all articles by Massimiliano Bratti

Massimiliano Bratti

Università degli Studi di Milano - DEAS; Institute for the Study of Labor (IZA)

Robin Naylor

University of Warwick - Department of Economics

Jeremy Smith

University of Warwick - Department of Economics

Date Written: December 1, 2008

Abstract

Estimates of a high average return to a degree for UK graduates have provided a policy rationale for increasing the share of the costs of higher education borne by UK students over recent decades. We use evidence from a cohort of people born in 1970 to estimate hourly wage returns to a university degree. We analyse the extent of variations around average returns, focussing on heterogeneity in returns by factors such as: gender, degree subject studied, degree class awarded, student ability measures and family background. Among other results, we find substantial evidence of heterogeneous returns to a first degree according to subject area of study and class of degree awarded

Keywords: degree, return, subject, UK, university

JEL Classification: J3, J4, I2

Suggested Citation

Bratti, Massimiliano and Naylor, Robin A. and Smith, Jeremy P., Heterogeneities in the Returns to Degrees: Evidence from the British Cohort Study 1970 (December 1, 2008). DEAS, University of Milan, Departmental Working Paper No. 2008-40, Available at SSRN: https://ssrn.com/abstract=1319026 or http://dx.doi.org/10.2139/ssrn.1319026

Massimiliano Bratti (Contact Author)

Università degli Studi di Milano - DEAS ( email )

Via Conservatorio, 7
I-20122 Milano
Italy

Institute for the Study of Labor (IZA)

P.O. Box 7240
Bonn, D-53072
Germany

Robin A. Naylor

University of Warwick - Department of Economics ( email )

Coventry CV4 7AL
United Kingdom

Jeremy P. Smith

University of Warwick - Department of Economics ( email )

Coventry CV4 7AL
United Kingdom

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