|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Forced to be Rich? Returns to Compulsory Schooling in Britain|
|Authors:||Devereux, Paul J|
Hart, Robert A
|Citation:||Devereux PJ & Hart RA (2010) Forced to be Rich? Returns to Compulsory Schooling in Britain, Economic Journal, 120 (549), pp. 1345-1364.|
|Abstract:||Do students benefit from compulsory schooling? In an important article, Oreopoulos (2006) studied the 1947 British compulsory schooling law change and found large returns to schooling of about 15% using the General Household Survey (GHS). Re-analysing this dataset, we find much smaller returns of about 3% on average with no evidence of any positive return for women and a return for men of 4-7%. Additionally, we utilise the New Earnings Survey Panel Data-set (NESPD) that has earnings information superior to that in the GHS and find similar estimates: zero returns for women and returns of 3 to 4% for men.|
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