The Return to a University Education in Great Britain

By N. O'Leary, Peter J. Sloane. National Institute Economic Review, 2005

143 citations recorded by the source corpus.

In this paper, we estimate the rate of return to first degrees, Masters degrees and PhDs in Britain using data from the Labour Force Survey. We estimate returns to broad subject groups and more narrowly defined disciplines, distinguishing returns by gender and controlling for variations in student quality across disciplines. The results reveal considerable heterogeneity in returns to particular degree programmes and by gender, which have important policy implications for charging students for the costs of their education.

Subfields: Demography, Economics and Econometrics, Education

View Paper: https://www.semanticscholar.org/paper/07dfdb93d78dc81cc93129ddfa1494f7c02351bf

Citations in the corpus

• Differences by Degree: Evidence of the Net Financial Rates of Return to Undergraduate Study for England and Wales (2011, unknown): “The existing literature on the effect of “college major” is very thin (see Sloane and O‟Leary (2005) and references therein) but the studies that do exist report large differentials by major of study.”
• The College Wage Premium and the Expansion of Higher Education in the UK (2008, unknown): “…and Gosling and Meghir (2000) suggests rising returns over time using data from the 1970’s to the mid 1990’s. Chevalier et al (2004), Walker and Zhu (2003), O’Leary and Sloane (2004, 2005), and McIntosh (2006) use more recent LFS data from 1993 to 2002 and show broadly constant returns on average.”
• The Problem of Overskilling in Australia and Britain (2010, unknown): “6% for women in 1997/98, while O’Leary and Sloane (2005) report rates of return for graduates in England and Wales averaged over the period 1994-2002 of 10.”