- Home
- Publications
- The External Returns To Education: UK Evidence Using Repeated Cross-sections
The external returns to education: UK evidence using repeated cross-sections
Related Themes
Education and SkillsTags
JEL Code
E2, J0, J24
Journal
Labour Economics
Paper Category Number
291
Augmenting a Mincerian earnings function with industry level data we estimate the external return to schooling for a repeated cross-section of individuals in the UK over the period 1994-2004. We find that a one year increase in the industry average level of schooling is associated with an increase in individual wages of 2.6 to 3.8 per cent, between 43 and 61 per cent of the private return to schooling. We illustrate the sensitivity of these estimates to the ICT and capital intensity of industry level production, the union density of the industry, and individuals' own level of schooling.
Related Blog Posts
Understanding Skill Mismatches and Regional Mobility
Larissa Marioni
Adrian Pabst
22 Apr 2024
4 min read
What Can Be Done To Better Protect Children and Young People From Serious Safeguarding Incidents?
Sophie Kitson
Ekaterina Aleynikova
19 Feb 2024
9 min read
Putting Increased Pressure on a Fragile System Does Not Help
Claudine Bowyer-Crane
Cecilia Zuniga-Montanez
15 Jan 2024
5 min read
Related Projects
Catch Up Literacy Pilot Study
Better Start Bradford
Related News
Press Release: Targeted home support could be key in children’s early language development
21 Apr 2021
5 min read
Related Publications
The Nature of the Inflationary Surprise in Europe and the USA
21 Mar 2024
Discussion Papers
Energy and Climate Policy in a DSGE Model of the United Kingdom
08 Mar 2024
Discussion Papers