Estimating marginal returns to higher education in the UK
By: Robert Moffitt.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- no. 13534.; Working paper series (National Bureau of Economic Research) -- working paper no. 13534.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 25
Subjects: Education, Higher -- Economic aspects -- Great Britain
Description: A long-standing issue in the literature on education is whether marginal returns to education fall as education rises. If the population differs in its rate of return, a closely related question is whether marginal returns to higher education fall as a greater fraction of the population enrolls. This paper proposes a nonparametric method of estimating marginal treatment effects in heterogeneous populations, and applies it to this question, examining returns to higher education in the UK. The results indicate that marginal returns to higher education fall as the proportion of the population with higher education rises, consistent with the Becker Woytinsky Lecture hypothesis.
Notes: "October 2007"

Includes bibliographical references (p. 24-25).

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