We use sequence analysis to compare the different trajectories that individuals take through the education system and into work and identify the characteristics that could be used to target those who are at most risk of poorer labour market outcomes. As well as age 16 exam performance, we find that parental advice, aspirations, and attitudes…

This paper looks at the joint impact of labour market risk and selection into employment on returns to education estimates. The risk-adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk leads to an increase in returns to high school but to a "decrease" in the returns to college…

We study the UK's university application system, in which students apply based on predicted examination grades, rather than actual results. Using three years of UK university applications data we find that only 16% of applicants' predicted grades are accurate, with 75% of applicants having over-predicted grades. However, high-attaining,…

The present paper makes use of detailed information gathered at university department level, combined with graduate survey data, to assess the impact of different kinds of employability skills initiative on graduate labour market performance. We find that structured work experience and employer involvement in degree course design and delivery have…

The present paper uses British Household Panel Survey data from 1991 to 2002 to assess the extent to which labour market returns have been influenced by changes in the nature of educational supply. We find that whilst there have been substantial shifts in the returns to schooling over the period, these effects are much more pronounced for younger…

This paper is a numerical exploration of the following. Assume, in the European Union context, that decision-makers want to spend more on higher education via higher tuition fees, but also want payments to be deferred and income-contingent. There are several possible ways to achieve this. First, ask graduates to repay a fixed amount each year if…

Globalization is putting increasing pressure on jobs in the United Kingdom, particularly among less skilled activities. The European response through the Lisbon Strategy has been diffuse, while UK policy appears much more focused, concentrating on the need to raise education and skill levels. The present paper examines the transition towards a…

Estimates the rates of return to overeducation in the United Kingdom, using the 1991 British Household Panel Survey. Describes three approaches to analyzing skill utilization and their returns. Analyzes characteristics of the overeducated and undereducated work force. Overeducation is part of an adjustment in the labor market and tends to…

Describes an econometric modeling of the labor market for teachers in an "administered" market setting in which the government partially controls the main determinants of demand and is very influential in setting teachers' wages. Reviews relevant econometric literature and shows market forces' crucial role. Discusses economic policy…

Although there are some estimates of the incidence of late learning and the economic rewards achieved by those in possession of formally recognised qualifications, little is known about the personal or family characteristics associated with those engaged in late learning, the associated costs and benefits, or even whether the type of qualification…

Reasons underlying a low demand for vocational skills in United Kingdom industry, relative to major competitors, are investigated. Low demand leads to a low supply of skilled labor, since the rates of return to vocational training are unattractive to potential trainees. Suggestions for reform are made. (Author)