Publications in: Education and Labour Markets

Economic Impact of the University of Oxford – October 2021

Published: 5 October, 2021

London Economics were commissioned to analyse the economic impact of the University of Oxford on the UK economy, focusing on the 2018-19 academic year. The analysis identified that: The total economic impact on the UK economy associated with the University of Oxford’s activities in 2018-19 was estimated at approximately £15.7 billion. In terms of the […]

The Costs and Benefits of International Higher Education Students to the UK Economy – September 2021

Published: 09 September, 2021

With 496,000 international students studying for qualifications at higher education institutions across the United Kingdom – equivalent to 20% of all HE students – international students contribute significantly to the economic and social prosperity of the United Kingdom, both in the short term during their studies as well as in the medium to longer term […]

HE Funding Threshold Changes – September 2021

Published: 26 September, 2021

In light of the upcoming Comprehensive Spending Review, London Economics undertook some modelling of higher education fees and funding arrangements. Based on the current system of repayments facing the 2020-21 cohort of undergraduates, we were modelled the resource impact on the Exchequer of a change in the repayment threshold for graduates to £23,000. The analysis […]

The Economic Cost of Providing Potential Refunds to Students During the Covid 19 Pandemic – June 2021

Published: 1 June, 2021

London Economics were commissioned by the LSE and University of Sheffield Students’ Unions to undertake a piece of analysis on higher education fees and funding. Underpinned by the significant financial constraints facing higher education institutions as a result of the pandemic, we were tasked with analysing a range of alternative approaches to provide domestic students […]

The Cost of Amending Repayment Thresholds Alongside Changes in Interest Rate and Loan Repayment Period – June 2021

Published: 10 June, 2021

London Economics were commissioned by the Higher Education Policy Institute to undertake some modelling of higher education fees and funding arrangements. Based on the current system of repayments facing the 2020-21 cohort of undergraduates, we were asked to model the resource impact on the Exchequer of the removal of real interest rates, the possible extension […]

Agenda for Change Pay and House Prices Since March 2011 – June 2021

Published: 16 June, 2021

London Economics were commissioned by the Royal College of Nursing to undertake an assessment of the how average UK house prices and total annual nursing staff pay has evolved since 2011. Using information from the Office for National Statistics and NHS Digital, the analysis identified that average house price inflation over the decade was approximately […]

The Impact of the Apprenticeship Levy on Apprenticeships and Other Training Outcomes – April 2021

Published: 14 April, 2021

Since April 2017, UK employers with an annual pay bill above £3 million have contributed to the Apprenticeship Levy. In this paper we use a matched firm-learner dataset to explore changes in apprenticeship and other training outcomes between 2015/16 and 2018/19, a period which spans the introduction of the Apprenticeship Levy. The findings reveal that […]

Estimating the Potential Impact of Policy Changes on International Student Demand for UK Higher Education

Published: 8 February, 2021

London Economics were commissioned by the Department for Education to undertake an analysis of: The price elasticity of international student enrolments with respect to changes in the level of tuition fees charged – separately at undergraduate and postgraduate level, and for EU and non-EU domiciled students. The potential impact on first-year EU student enrolments and […]

The Net Exchequer Impact of Increasing Pay for Agenda for Change Staff

Published: 18 January, 2021

Corresponding to approximately 4% of employees in England, there are currently just over 1 million nurses, midwives, allied health professionals, and NHS support staff covered by the Agenda for Change (AfC) Pay framework in England. Since 2010-11, pay levels at every single AfC spine point have lagged behind inflation, resulting in a significant decline in […]

The Economic and Social Impact of The Open University

Published: 6 November, 2020

London Economics were commissioned to analyse the economic and social impact of The Open University across the United Kingdom in 2018-19. To capture the economic impact of the University, we generated estimates of the economic benefits associated with the University’s formal teaching and learning activity associated with the 2018-19 cohort of UK-domiciled Open University students. […]