Forced to Be Rich? Returns to Compulsory Schooling in Britain

20 Pages Posted: 17 Nov 2010

See all articles by Paul J. Devereux

Paul J. Devereux

affiliation not provided to SSRN

Robert A. Hart

University of Stirling - Department of Economics; Institute for the Study of Labor (IZA)

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). Re-analysing 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 utilise 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

Devereux, Paul J. and Hart, Robert A., Forced to Be Rich? Returns to Compulsory Schooling in Britain. Economic Journal, Vol. 120, No. 549, pp. 1345-1364, December 2010, Available at SSRN: https://ssrn.com/abstract=1710330 or http://dx.doi.org/10.1111/j.1468-0297.2010.02365.x

Paul J. Devereux

affiliation not provided to SSRN

Robert A. Hart (Contact Author)

University of Stirling - Department of Economics ( email )

Stirling, Scotland FK9 4LA
United Kingdom
+44 1786 467 471 (Phone)
+44 1786 467 469 (Fax)

Institute for the Study of Labor (IZA)

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

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