What Determines the Return to Education: An Extra Year or a Hurdle Cleared?

Autor/inn/en	Dickson, Matt; Smith, Sarah
Titel	What Determines the Return to Education: An Extra Year or a Hurdle Cleared?
Quelle	In: Economics of Education Review, 30 (2011) 6, S.1167-1176 (10 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0272-7757
DOI	10.1016/j.econedurev.2011.05.004
Schlagwörter	Foreign Countries; Qualifications; Outcomes of Education; Educational Attainment; Probability; Employment Potential; Economics; Educational Policy; Policy Analysis; Withdrawal (Education); Dropouts; Age Differences; United Kingdom + Suchen Sie Ihr Suchwort? Ausland; Qualifikation; Qualifikationsstufe; Lernleistung; Schulerfolg; Bildungsabschluss; Bildungsgut; Wahrscheinlichkeitsrechnung; Wahrscheinlichkeitstheorie; Arbeitsmarktbezogene Qualifikation; Beschäftigungsfähigkeit; Volkswirtschaftslehre; Politics of education; Bildungspolitik; Politikfeldanalyse; Kursabbruch; Drop-out; Drop-outs; Dropout; Early leavers; Schulversagen; Age; Difference; Age difference; Altersunterschied; Großbritannien
Abstract	The 1973 Raising of the School Leaving Age from 15 to 16 has been used to identify returns to years' schooling. However, because the first set of "high stakes" exams are taken in the UK at age 16, the reform affected the proportion with qualifications, as well as schooling length. In order to shed light on whether the returns reflect the extra length of schooling or the increase in qualifications, we exploit another institutional rule--the Easter Leaving Rule--which we argue only affected the probability of obtaining qualifications (and not the length of schooling). We find sizeable returns to academic qualifications--increasing the probability of employment by 40% points--and our results suggest that qualifications drive most of the returns to education. (Contains 4 tables and 4 figures.) (As Provided).
Anmerkungen	Elsevier. 6277 Sea Harbor Drive, Orlando, FL 32887-4800. Tel: 877-839-7126; Tel: 407-345-4020; Fax: 407-363-1354; e-mail: usjcs@elsevier.com; Web site: http://www.elsevier.com
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10