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...

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...

There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate mark-ups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education...

Between 1990/91 and 2000/01 the number of male undergraduates in Britain increased by over one-third while the number of female undergraduates has increased nearly twofold. Given this substantial increase in supply we would expect some impact on the wage premium for recent graduates unless...

The renewed focus on the importance of human capital for social development and economic growth, and the recently published evidence on wide international disparities in student achievements, have led to a new interest in the determinants of schooling quality. This paper evaluates the effect on...

Performance-related pay for teachers is being introduced in many countries, but there is little evaluation to date on the effects of such programs. This paper evaluates a particular incentive experiment. The incentive program is a rank-order tournament among teachers of English, Hebrew, and...

There has been a rising interest in understanding better the impact of college choices on wages, an interest motivated by concerns about increasing wage inequalities, about increasing costs of elite colleges, and about the perceived increasing roles of highly educated individuals in maintaining...

Understanding the economic payoff to human investments is very important from the standpoint both of individuals and of society. Correctly estimating these impacts necessitates having a well-developed idea of the microeconomic determinants of human behavior. Without this, empirical analyses of...