Regression, matching, control function and instrumental variables methods for recovering the impact of education on … find an average return of 27% for those completing higher education versus anything less. Compared to stopping at 16 … without qualifications, we find an average return to O-levels of 18%, to A-levels of 24% and to higher education of 48%. …

The idea of positive educational externalities is that the benefits of individually acquired education may not be … still largely divided on whether the stock of education affects the long-run level or growth rate of the economy. A one …-year increase in average education is found to raise the level of output per capita by between 3 and 6 percent according to …

indicators such as education and experience) is derived from a question that has been asked consistently over time in the Labour …

assumptions we find convincing evidence of an increase in inequality within education groups, changes in the return to education …