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ERIC Number: ED529793
Record Type: Non-Journal
Publication Date: 2011-Sep
Pages: 79
Abstractor: As Provided
Reference Count: 54
ISBN: N/A
ISSN: N/A
From Grants to Loans and Fees: The Demand for Post-Compulsory Education in England and Wales from 1955 to 2008. CEE DP 127
Dolton, Peter; Lin, Li
Centre for the Economics of Education (NJ1)
The UK has progressively moved from a Higher Education (HE) system which is funded at the tax payers' expense to one which is funded by individual participants (and their parents) by scrapping student grants, introducing student loans and charging tuition fees. The purpose of this paper is to identify the impact of these changes on the demand for HE using time-series data for England and Wales over the period 1955 to 2008. We use a Seemingly Unrelated Regressions model of three indicators of demand for post-compulsory education allowing for structural breaks. Tests show that most of the breaks occurred in line with several important policy changes. We find that less generous student financial support arrangements have had a significant negative impact on university enrolment. We simulate the impact of raising tuition fees to 9,000 British pounds pa and find that this will reduce demand for HE from boys by 7.51 percentage points and from girls by 4.92 percentage points. Appended are: (1) Data Appendix; (2) Applicants to University; (3) Internal Rate of Return Calculation; and (4) Stationarity Tests. (Contains 10 figures, 16 tables and 24 footnotes.)
Centre for the Economics of Education. London School of Economics and Political Science, Houghton Street, London, WC2A 2AE, UK. Tel: +44-20-7955-7673; Fax: +44-20-7955-7595; e-mail: cee@lse.ac.uk; Web site: http://cee.lse.ac.uk
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: London School of Economics & Political Science, Centre for the Economics of Education
Identifiers - Location: United Kingdom (England); United Kingdom (Wales)