The Returns to the Quantity and Quality of Education: Evidence for Men in England and Wales

Economica, Vol. 67, Issue 265, February 2000

Posted: 13 Jul 2001

See all articles by Colm P. Harmon

Colm P. Harmon

The University of Sydney - School of Economics; IZA Institute of Labor Economics

Ian Walker

University of Warwick - Department of Economics; Institute for Fiscal Studies (IFS); IZA Institute of Labor Economics

Abstract

Until the late 1960s, state schooling in England and Wales was determined by an ability test of pupils at age 11, which had an effect on both the quantity and quality of education. By estimating the relationship between earnings and earlier schooling during a period when school areas changed from selective to non-selective education, we consider how the returns to the quantity of education are confounded by differences in the quality of schooling and whether the effects of quality are confounded by its correlation with quantity. Our results confirm recent evidence that returns to education quantity are large and quality effects are small.

JEL Classification: J1, J2

Suggested Citation

Harmon, Colm P. and Walker, Ian, The Returns to the Quantity and Quality of Education: Evidence for Men in England and Wales. Economica, Vol. 67, Issue 265, February 2000. Available at SSRN: https://ssrn.com/abstract=238935

Colm P. Harmon (Contact Author)

The University of Sydney - School of Economics ( email )

Rm 370 Merewether (H04)
Sydney, NSW 2006 2008
Australia

IZA Institute of Labor Economics

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

Ian Walker

University of Warwick - Department of Economics ( email )

Coventry CV4 7AL
United Kingdom
+44 1203 523 054 (Phone)
+44 1203 523 032 (Fax)

Institute for Fiscal Studies (IFS)

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

IZA Institute of Labor Economics

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

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