Why is There a Graduate Earnings Premium for Students from Independent Schools?

25 Pages Posted: 29 Dec 2002

See all articles by Robin Naylor

Robin Naylor

University of Warwick - Department of Economics

Jeremy Smith

University of Warwick - Department of Economics

Abigail McKnight

CASE, London School of Economics

Abstract

We examine the determinants of occupational earnings of UK 1993 graduates and focus on the influence of the type of school the graduate attended prior to university entrance. For data reasons, we restrict attention to graduates who attended school in England. We estimate that, on average, a male (female) graduate who attended an Independent school receives an earnings premium of 3.1 per cent (3.4 per cent) over and above the earnings of a graduate who attended an LEA school, ceteris paribus. We also find considerable variation across different Independent schools in the size of the graduate earnings premium, especially for males, and show that in the case of males the premium increases with the level of school fees, but is not statistically related to measures of school-level average academic performance.

Suggested Citation

Naylor, Robin A. and Smith, Jeremy P. and McKnight, Abigail, Why is There a Graduate Earnings Premium for Students from Independent Schools?. Available at SSRN: https://ssrn.com/abstract=330005

Robin A. Naylor (Contact Author)

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

Abigail McKnight

CASE, London School of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom
020 7955 6673 (Phone)

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