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The Return to a University Education in Great Britain

Published online by Cambridge University Press:  26 March 2020

Nigel C. O'Leary  and
Peter J. Sloane
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Abstract

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.

Keywords

educationwages12J0J3
Type
Articles
Information
National Institute Economic Review , Volume 193 , July 2005 , pp. 75 - 89
Copyright
Copyright © 2005 National Institute of Economic and Social Research

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