Government backed income contingent student loans are an increasingly being used to fund higher education. An income contingent repayment plan acts as an incremental marginal tax on labor earnings, which could cause individuals to distort their work effort. This paper uses an administrative dataset from the UK that links student loan borrowers…

Using a survey of a cohort of UK graduates, linked to administrative data on higher education participation, this paper investigates the labour market attainment of recent graduates by subject of study. We document a large heterogeneity in the mean wages of graduates from different subjects and a considerably larger one within subject with…

A comparison of Australian and United Kingdom faculty salaries takes into account academic rank, salary scales, relative prices and purchasing power, and tax rates. Although Australian academics at the bottom lecturer ranks have a real salary 64 percent higher than their counterparts in the U.K., professors have the same real salary. (MSE)