Ability, families, education and earnings in Britain

摘要: The paper estimates the returns to education for a cohort of individuals born in Britain March 1958 who have been followed since birth until age 33. data used has wealth information on family background including parental education, social class and interest shown child's as well measures ability. These variables are typically missing studies looking at schooling. In we Ud that return an additional year full-time UK population whole is somewhere between 5 7 per cent men 8 10 women even after correcting ehcts measurement error. also presents evidence schooling heterogeneous. results from suggest undertaking involving some sort formal qualification significantly larger rates than obtained no education. Individuals whose highest educational A level (the UK) appear average around 15 both women. There with lower tastes higher marginal recent IV UK, which exceed typical OLS estimates, may overestimate whole.