Publications in: Economics of Education

The Costs of Amending Student Support Arrangements – February 2018

Published: 13 February, 2018

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

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

Published: 19 February, 2018

With the potential review of higher education approaching, London Economics have undertaken further modelling of the costs to the Exchequer associated with amending the interest charged on student loans, as well as the abolition of tuition fees. The analysis demonstrates that charging a 0% real rate of interest during study would cost the Exchequer £230 million per […]

Read more

The Costs and Benefits of International Students by Parliamentary Constituency – January 2018

Published: 11 January, 2018

Given the continuing political debate about the inclusion of international students in UK migration targets, and the limited number of analyses of their net economic impact to date, London Economics were commissioned by the Higher Education Policy Institute (HEPI) and Kaplan International Pathways to undertake a detailed analysis of both the benefits and costs to […]

Read more

Estimating the Costs Associated with the Student Support Offer – December 2017

Published: 13 December, 2017

London Economics’ modelling estimates that the recent decision of the government to raise the repayment threshold on student loan repayments to £25,000, alongside an increase in the interest rate thresholds will cost approximately £2.85 billion a cohort. Breaking down this estimate, the additional Exchequer expenditure includes £1.09 billion in costs associated with the lower level […]

Read more

Peer Effects and Social Influence in Post-16 Educational Choice – November 2017

Published: 20 November, 2017

Following the increase in the education participation age, individuals are now required to study towards either a vocational or academic qualification until their 18th birthday once they have completed their GCSEs. However, there is currently relatively little understanding of the factors which determine which route learners choose to follow. Attainment in secondary school is clearly […]

Read more

The Payoff to Vocational Qualifications: Reconciling Estimates from Survey and Administrative Data – December 2017

Published: November, 2017

Estimating the wage differentials associated with particular qualifications has increasingly become part of the general ‘returns to education’ literature. Two particular strands of the literature looking at such qualifications can be identified: the first uses data on individuals obtained through representative sample surveys, such as the Labour Force Survey (LFS) in the UK, while the […]

Read more

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

Published: 20 November, 2017

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

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

Published: 16 November, 2017

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 Economic Impact of Russell Group Universities – November 2017

Published: 02 November, 2017

London Economics were commissioned by the Russell Group to undertake an analysis of the economic contribution of their 24 members universities to the UK economy in 2015-16. The analysis estimated the impact associated with Teaching and Learning activity (here), world-class research (here), educational exports (here) and the direct, indirect and induced impact associated with the […]

Read more

The Earnings Differentials Associated with Vocational Education and Training Using the Longitudinal Education Outcomes Data – October 2017

Published: October, 2017

For the first time, the matched Longitudinal Education Outcomes has been made available for analysis of qualification attainment and labour market outcomes in England. Using comprehensive information from different school, Further Education and Higher Education data sources, we estimate the association between achieving vocational qualifications at different levels of the Regulated Qualifications Framework and labour […]

Read more