Publications in: Labour market economics

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 UK Tax Revenues from International Graduates – March 2019

Published: 21 March, 2019

London Economics were commissioned by the Higher Education Policy Institute (HEPI) and Kaplan International Pathways to undertake a detailed analysis of taxation receipts accrued by the United Kingdom Exchequer associated with international graduates in the UK labour market post graduation. The analysis focuses on the expected income tax, National Insurance and VAT contributions generated by the 235,325 international students commencing their studies in […]

Impact of the ONS Review on the Deficit – December 2018

Published: 10 December, 2018

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 […]

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

Published: 10 December, 2018

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) […]

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

Published: 8 October, 2018

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, […]

Evaluation of Prisoner Learning – June 2018

Published: 07 June, 2018

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 […]

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

Published: 11 April, 2018

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’). […]

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

Published: 27 November, 2017

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, […]

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 […]

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 […]