Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/242923 
Year of Publication: 
2021
Series/Report no.: 
IFS Working Paper No. W21/24
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
Using a large and novel administrative dataset, this paper investigates variation in returnsto different higher education 'degrees' (subject-institution combinations) in the United King-dom. Conditioning on a rich set background characteristics, it finds substantial variation inreturns, even within subject, across universities with very similar selectivity levels, suggest-ing degree choices matter a lot for later-life earnings. Selectivity is weakly related to returnsthrough most of the distribution but strongly positively correlated at the top end. Other thanselectivity, returns are poorly correlated with observable degree characteristics, which has im-plications for student choices and the incentives of universities.
Subjects: 
Returns to education
Degree choice
JEL: 
I23
I24
I26
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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