Economic benefit of the Consultative Committee for Professional Management Organisations (CCPMO)

economics-of-education||106education||0labour-market-economics||106
Sector: Economics of Education | Education | Labour market economics
Client: N/A
Published: December, 2008
Document type: Report 
Tagged: ex-post evaluation modelling quantitative analysis UK

The analysis involved an assessment of the current activities of the CCPMO member organisations, as well as estimating the economic benefit associated with obtaining professional qualifications and membership of professional organisations. The analysis illustrated that the lifetime premium associated with gaining professional qualifications and membership was in the region of £152,000 in today’s money terms.

The earnings premium and enhanced likelihood of employment associated with professional qualifications and membership was estimated across the working age population controlling for other personal, regional and employment related characteristics, using information from the Labour Force Survey.