This report estimates the impact on earnings of attending HE compared with not going. The authors detail how this varies by subject and institution of study, as well as how these returns vary by gender, prior educational attainment and the sorts of subjects individuals have studied up to age 18. The report makes use of the Longitudinal Education Outcomes (LEO) dataset, which links together tax, benefit, higher education and school records to provide a rich description of individuals’ trajectories through the education system and into the labour market.
Universities are a key determinant of the earnings power of graduates. But when considering the role universities play in determining the living standards and socially mobility of graduates, it is vital to incorporate the wider impacts of higher education on both other sources of income and non-monetary outcomes.
There have been many studies of the impact of higher education (HE) on the wages and earnings of graduates. However, for working women, the variation in wages only explains 30% of the variance in net family income. To understand the overall impact of HE on the living standards of female graduates, this paper explores the wider impact of HE.
Research led by the Institute for Fiscal Studies, released by the Department for Education yesterday has highlighted the importance of university courses in determining graduates’ earnings. But what are the implications for government policy?
lot of factors influence how much an individual earns. Some of these are determined before you are born: how rich your parents are, as well as your gender and ethnicity. Some are decided very early on in life, such as performance at school. But some of these factors are choices, such as what and where to study at university.
It is well known that the average graduate earns more than non graduates, and that university graduates from certain subjects and from certain universities earn considerably more than others. For example, five years after graduation, men from the highest earnings universities earn almost 50% more than graduates from other Russell Group universities (30% for women), while male Russell Group graduates earn over 40% more than those who attended the average post-1992 institution (35% for women).
