The Relationship between Private Schooling and Earnings: A Review of the Evidence for the US and the UK. Occasional Paper.

(2001) - C Brown, CR Belfield

Journal: ERIC
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Tags:: #paper #NCDS #SchoolType
Cite Key:: [@Brown2001]

Abstract

Despitethestrategicimportanceoftheprivate-school sectortoeducationpolicyreform,andageneralbeliefinthesuperiorityof privateschools,thereisverylittleevidenceontherelativeeffectsof suchschoolingincomparisonwithpublicschools.Thispaperreviewsthe currentevidenceintheUnitedStatesandUnitedKingdomontherelationship betweenprivate-schoolattendanceandearnings.Theeffectsofprivate schoolingonfutureearningareimportantfortheequityandefficiencyof educationsystems,arguablymoresothananyeffectsontestscores.Yet,the reviewuncoversonly4studiesofthisrelationshipfortheUnitedStates, and11studiesfortheUnitedKingdom.Theyshowareasonablyrobust correlationbetweenhigherearningsandprivateschooling,butasummary explanationoftheprivate-schoolearningspremiumcannotbeeasily identified.Theavailableevidencevariesacrossestimationtechniques,and probablyfailstoincludethefullsetofdirectandindirecteffectsof privateschoolingonearnings.However,therateofreturntoinvestmentin privateschoolingincomparisonwithpublicschoolingiscalculatedfrom simulationsoftheearningspremium.Thisrateofreturn,whichincludesthe directandindirecteffectsofprivateschooling,ismodest,ataround3 percentfortheUnitedStatesand5percentfortheUnitedKingdom.

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