Royal Economic Society Conference 2017, 10-12 April, University of Bristol, Bristol, UK
April 12, 2017
The authors analyse data from the British Household Panel Survey and the Understanding Society survey to examine whether children who had an extra year of schooling after changes in the law in 1947 and 1972 saved, invested and managed debt differently to other, similar children. The answer, when it comes to managing money, is no, although their education gave them better financial outcomes in general.
Does education improve financial outcomes? Quasi-experimental evidence from BritainDaniel Gray, Alberto Montagnoli, Mirko Moro,
Research Paper - 20170415