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IZA
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The Return to a University Education in Great Britain
by
Peter J. Sloane, Nigel C. O'Leary
(June 2004)
published in: National Institute Economic Review, 2005, 193 (1), 75-89
Abstract:
In this paper, we estimate the rate of return to first degrees, masters degrees and PhDs in
Britain using data from the Labour Force Survey. We estimate returns to broad subject
groups and more narrowly defined disciplines, distinguishing returns by gender and
attempting to control for variations in student quality across disciplines. The results reveal
considerable heterogeneity in returns to particular degree programmes and by gender, which
have important policy implications for charging students for the costs of their education.
Text: See Discussion Paper No. 1199 
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