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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - How much does degree choice matter?
AU - Britton, Jack
AU - Erve, Laura van der
AU - Belfield, Chris
AU - Vignoles, Anna
AU - Dickson, Matt
AU - Zhu, Yu
AU - Walker, Ian
AU - Dearden, Lorraine
AU - Sibieta, Luke
AU - Buscha, Franz
PY - 2022/12/31
Y1 - 2022/12/31
N2 - We use a large and novel administrative dataset to investigate returns to different university ‘degrees’ (subject-institution combinations) in the United Kingdom. Conditioning on a rich set of background characteristics, we find substantial variation in returns across degrees with similar selectivity levels, suggesting students’ degree choices matter a lot for later-life earnings. Returns increase with university selectivity much more at the top of the selectivity distribution than further down, and much more for some subjects than others. Returns are poorly correlated with observable degree characteristics other than selectivity, which could have important implications for student choices and the incentives of universities.
AB - We use a large and novel administrative dataset to investigate returns to different university ‘degrees’ (subject-institution combinations) in the United Kingdom. Conditioning on a rich set of background characteristics, we find substantial variation in returns across degrees with similar selectivity levels, suggesting students’ degree choices matter a lot for later-life earnings. Returns increase with university selectivity much more at the top of the selectivity distribution than further down, and much more for some subjects than others. Returns are poorly correlated with observable degree characteristics other than selectivity, which could have important implications for student choices and the incentives of universities.
KW - Returns to education
KW - Degree choice
U2 - 10.1016/j.labeco.2022.102268
DO - 10.1016/j.labeco.2022.102268
M3 - Journal article
VL - 79
JO - Labour Economics
JF - Labour Economics
SN - 0927-5371
M1 - 102268
ER -