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Economic Benefits of Lifelong Learning

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  • Dr Richard Dorsett
  • Dr Silvia Lui
  • Dr Martin Weale

Abstract

This paper examines the effect of lifelong learning on men's employment and wages. Using data from the British Household Panel Survey, a variant of the mover-stayer model is developed in which hourly wages are either taken from a stationary distribution (movers) or are closely related to the hourly wage one year earlier (stayers). Mover-stayer status is not observed and we therefore model wages using an endogenous switching regression, extended to take account of non random selection into employment. The model is estimated by maximum likelihood, using generalised residuals to correct for possible endogeneity of lifelong learning decisions. The results show modest effects significant at a 10% level for men who undertake life-long learning without upgrading their educational status and more powerful and significant effects for those who do upgrade their status. For the latter, the influence of lifelong learning on employment prospects is an important influence on the overall return.

Suggested Citation

  • Dr Richard Dorsett & Dr Silvia Lui & Dr Martin Weale, 2010. "Economic Benefits of Lifelong Learning," National Institute of Economic and Social Research (NIESR) Discussion Papers 352, National Institute of Economic and Social Research.
    • Handle: RePEc:nsr:niesrd:352
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Economic Benefits of Lifelong Learning
      by Miguel in Simoleon Sense on 2010-04-13 01:02:04

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    Cited by:

    1. Claire Callender & Kevin J. Dougherty, 2018. "Student Choice in Higher Education—Reducing or Reproducing Social Inequalities?," Social Sciences, MDPI, vol. 7(10), pages 1-28, October.
    2. Abuselidze, George & Beridze, Lasha, 2019. "Financing models of vocational education and its impact on the economy: Problems and perspectives," EconStor Conference Papers 225211, ZBW - Leibniz Information Centre for Economics.
    3. Blanden, Jo & Buscha, Franz & Sturgis, Patrick & Urwin, Peter, 2012. "Measuring the earnings returns to lifelong learning in the UK," Economics of Education Review, Elsevier, vol. 31(4), pages 501-514.

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