Dolton, Peter and Sandi, Matteo (2017) Returning to returns: revisiting the British education evidence. Labour Economics, 48. pp. 87-104. ISSN 0927-5371
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Abstract
We revisit the question of what is the rate of return to education in Great Britain. We make two contributions.
Firstly, we re-assess the robustness of Harmon and Walker (1995), Oreopoulos (2006) and Devereux and Hart
(2010) to equation specification and estimation method. Secondly, we generalize the previous IV approaches by
using the month of birth in the calculation of a more accurate IV exploiting the 1947, 1963 and 1972 UK School
Leaving Age reforms. Our results highlight the importance of equation specification and they provide a robust
case for a 6% Rate of Return to Education for men.
Item Type: | Article |
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Schools and Departments: | School of Business, Management and Economics > Economics |
Subjects: | H Social Sciences |
Depositing User: | Joy Blake |
Date Deposited: | 11 Sep 2017 15:56 |
Last Modified: | 11 Sep 2017 16:06 |
URI: | http://srodev.sussex.ac.uk/id/eprint/69726 |
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