Dickson, Matt; Smith, Sarah - Centre for Market and Public Organisation (CMPO), … - 2011
. However, the reform affected the proportion with qualifications, as well as schooling length. To shed light on whether the … returns reflect extra schooling or qualifications, we exploit another institutional rule – the Easter Leaving Rule – to obtain … unbiased estimates of the effect of qualifications. We find sizeable returns to academic qualifications – increasing the …