Publications in: Labour markets

Assessing the Economic Returns to Level 4 and 5 STEM-based Qualifications – July 2019

Subsector:Labour markets
Published:16 July, 2019
Document type:Report

London Economics were commissioned by the Gatsby Foundation to undertake an assessment of the net graduate premium and net Exchequer benefit associated with Higher Technical Education qualifications at Level 4 and Level 5. For full-time students, the analysis suggests that the net benefits to students undertaking specific STEM-based qualifications at Level 4/5 are substantial (and […]

Read more

Impact of the ONS Review on the Deficit – December 2018

Subsector:Labour markets
Published:10 December, 2018
Document type:Report

On 17th December 2018, the Office for National Statistics is expected to publish its recommendation on its review of the National Accounting treatment of student loans. This guidance will have significant consequences for the possible recommendations of the Augar Review, as well as the ability of the Government to implement any of those recommendations. Given […]

Read more

Estimating the Costs Associated with the Student Support Offer – December 2018

Subsector:Labour markets
Published:10 December, 2018
Document type:Report

Following publication in the Telegraph of some possibilities emerging from the Augar review, London Economics have estimated the economic cost associated with reducing annual tuition fees to £6,500 (with no additional Teaching grant); removing real interest rates; and reducing the repayment threshold to £21,000. The result is a £2.8 billion reduction in funding (per cohort) […]

Read more

Understanding the Limitations of Graduate Outcome Measures in Higher Education – September 2018

Subsector:Labour markets
Published:8 October, 2018
Document type:Report

The structure and level of higher education student support funding continue to be key policy questions for the UK Government. Perceived as financially unstable, the current arrangements have recently been the subject of numerous Parliamentary reports on higher education fees and funding. In parallel to these reviews of the current structure of student support arrangements, […]

Read more

Evaluation of Prisoner Learning – June 2018

Subsector:Labour markets
Published:07 June, 2018
Document type:Report

London Economics were commissioned by the Department for Education and Ministry of Justice to undertake an analysis of the OLASS4 offender learning in prisons. The analysis combined information from the Individualised Learner Record (on publicly funded training) with Ministry of Justice data relating to prisoners’ criminogenic characteristics and re-offending, as well as earnings and employment […]

Read more

Settling the Counterfactual Debate: Is There a Preferable Counterfactual when Estimating the Returns to Vocational Qualifications? – April 2018

Subsector:Labour markets
Published:11 April, 2018
Document type:Report

Using information from the Longitudinal Education Outcomes (LEO) data set, it is now possible to compare the characteristics and estimates for learners with different qualifications encompassing both types of counterfactuals used in the extant literature: learners in possession of qualifications at the ‘level-below’ and learners enrolling in similar vocational qualifications but failing to achieve (‘non-achievers’). […]

Read more

The Costs of Amending Student Support Arrangements – February 2018

Subsector:Labour markets
Published:13 February, 2018
Document type:LE publication

With the potential review of higher education approaching, London Economics have modelled the costs to the Exchequer associated with a reduction in tuition fees to £6,000 and the re-introduction of maintenance grants. The analysis demonstrates that the cost of cutting fees stands at £1.169 billion per cohort, while maintenance grants cost £360 million. Importantly, despite […]

Read more

Reforming Student Finance to Increase Fairness and Widen Access – November 2017

Subsector:Labour markets
Published:16 November, 2017
Document type:Report

London Economics was commissioned by the Sutton Trust to analyse the cost to graduates, higher education institutions and the Exchequer associated with a range of student support scenarios, including combinations of: means-tested tuition fees based on household income; the re-introduction of maintenance grants to 2015/16 levels before their abolition; and changes to the interest rates […]

Read more

The Journey from Childhood Skills to Adult Financial Capability – Analysis of the 1970 British Cohort Study – November 2017

Subsector:Labour markets
Published:20 November, 2017
Document type:Report

The Money Advice Service believes childhood and adolescence are vital times to influence future financial capability and that what happens in these years can have profound effects on financial outcomes. Too little is known about the factors in childhood and adolescence that contribute to long term financial outcomes. This research aims to contribute to filling […]

Read more

An Economic Assessment of Skill Gaps on Firm Productivity – November 2017

Subsector:Labour markets
Published:27 November, 2017
Document type:Presentation

London Economics has undertaken research for Filtered, an online training platform, providing comprehensive insight into employer demand for skills driven by skills gaps. Using the 2015 wave of the Employer Skills Survey (ESS), we found that skills gaps have a significant effect on a number of business outcomes, including losing business to competitors, delaying development, […]

Read more