The Impact of Local Labour Markets on Investment in Further Education: Evidence from the England and Wales Youth Cohort Studies

Journal of Population Economics, Vol. 12, Issue 2, June 1999

Posted: 5 Jan 2000

See all articles by Patricia Rice

Patricia Rice

University of Southampton - Division of Economics

Abstract

The paper focuses on the individual's choice of activity on completion of compulsory schooling--to remain in full-time education or to seek employment--and the factors influencing this decision. Information from the England and Wales Youth Cohort Studies, coupled with labour market data, is used to estimate a logit model of choice and assess the role played by social and market factors. The results show that labour market conditions play an influential role in determining outcomes, particularly in the case of young males with weaker academic qualifications. Consistent with the time-series evidence, we find that participation rates in further education for both males and females are positively related to the unemployment rate in the local labour market, the effects being greater at times of economic recession when unemployment rates are rising.

JEL Classification: J24, I21

Suggested Citation

Rice, Patricia, The Impact of Local Labour Markets on Investment in Further Education: Evidence from the England and Wales Youth Cohort Studies. Journal of Population Economics, Vol. 12, Issue 2, June 1999, Available at SSRN: https://ssrn.com/abstract=169520

Patricia Rice (Contact Author)

University of Southampton - Division of Economics ( email )

Southampton, SO17 1BJ
United Kingdom
44 23 8059 3847 (Phone)
44 23 8059 3858 (Fax)

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