What determines the return to education: An extra year or a hurdle cleared?
What determines the return to education: An extra year or a hurdle cleared?
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DOI：
10.1016/j.econedurev.2011.05.004
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发表时间：
2011-12-01
影响因子：
2.2
通讯作者：
Smith, Sarah
中科院分区：
文献类型：
--
作者：
Dickson, Matt;Smith, Sarah
1973年将离校年龄从15岁提高到16岁，这被用来确定学校教育年限的回报。然而，由于英国的第一套“高风险”考试是在16岁时参加的，改革影响了获得资格的比例，以及受教育年限。为了阐明回报率是反映了额外的教育年限还是学历的增加，我们利用了另一个制度规则--复活节离校规则--我们认为它只影响了获得学历的概率（而不是教育年限）。我们发现学历带来了可观的回报--就业概率提高了40%--我们的研究结果表明，学历推动了教育的大部分回报。(C)2011爱思唯尔有限公司版权所有。
The 1973 Raising of the School Leaving Age from 15 to 16 has been used to identify returns to years' schooling. However, because the first set of "high stakes" exams are taken in the UK at age 16, the reform affected the proportion with qualifications, as well as schooling length. In order to shed light on whether the returns reflect the extra length of schooling or the increase in qualifications, we exploit another institutional rule - the Easter Leaving Rule - which we argue only affected the probability of obtaining qualifications (and not the length of schooling). We find sizeable returns to academic qualifications - increasing the probability of employment by 40% points - and our results suggest that qualifications drive most of the returns to education. (C) 2011 Elsevier Ltd. All rights reserved.