returns to education

A Comparison of Earnings Related to Higher Level Vocational/Technical and Academic Education

We use the earliest cohort of English secondary school leavers with newly available Longitudinal Education Outcomes data (622,000 pupils in 2002/03) to compare earnings of people with higher vocational/technical qualifications to those of degree holders. The unusually rich data allow us to estimate earnings differentials until the age of 30, controlling for a wide array of characteristics and full education trajectories.

Education and its Effects on Survival, Income and Health of those aged Sixty-five and over in the United Kingdom

We explore the effects of income and, additionally education on the income,
self-reported health and survival of people aged sixty-five and over in order to
identify benefits resulting from education which are omitted in the conventional
analysis with its focus on labour income excluding employer contributions. We
find, for men, that income after the age of sixty-five is significantly influenced
by educational attainment and has a signficant effect on survival. Even after
controlling for circumstances at age sixty-five or when first observed, we identify

Education and its Effects on the Income, Health and Survival of those aged Sixty-five and Over

Note: This paper has been revised and is replaced by DP 393. We explore the effects of income and, additionally education on the income, self-reported health and survival of people aged sixty-five and over in order to identify benefits resulting from education which are omitted in the conventional analysis with its focus on labour income excluding employer contributions. We find that well educated people enjoy substantially higher incomes and longer healthy lives.