The Returns to Higher Education in Britain

The Economic Journal, Vol. 110, Issue 461, February 2000

Posted: 15 Jan 2001

See all articles by Alissa Goodman

Alissa Goodman

Institute for Fiscal Studies (IFS)

Howard Reed

Institute for Fiscal Studies (IFS); University College London - Centre for Social and Economic Research on the Global Environment (CSERGE)

Richard W. Blundell

UCL; Centre for Economic Policy Research (CEPR)

Abstract

We use British birth cohort panel data to examine the impact that degree level qualifications and other higher education qualifications have on the earnings of individuals in the medium to longer term. We compare the outcomes of these individuals with those of individuals who had the prospect of undertaking Higher Education but chose not to. Our approach involves "matching" these individuals according to observed characteristics which we have in the data, such as ability, family background and demographics, and then comparing outcomes between individuals who proved to have degree level qualifications and otherwise identical individuals who had the opportunity but did not.

JEL Classification: J24

Suggested Citation

Goodman, Alissa T. and Reed, Howard and Blundell, Richard W., The Returns to Higher Education in Britain. The Economic Journal, Vol. 110, Issue 461, February 2000, Available at SSRN: https://ssrn.com/abstract=233416

Alissa T. Goodman (Contact Author)

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

Howard Reed

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

University College London - Centre for Social and Economic Research on the Global Environment (CSERGE)

Gower Street
London WC1E 6BT, Norwich
United Kingdom

Richard W. Blundell

UCL ( email )

Department of Economics
Gower Street
London, WC1E 6BT
United Kingdom
+44 20 7504 5863 (Phone)
+44 20 7916 2773 (Fax)

HOME PAGE: http://www.ucl.ac.uk/~uctp39a/

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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