Wages and the education and employment choices of young people: empirical analysis for Great Britain
Wages and the education and employment choices of young people: empirical analysis for Great Britain
This paper examines the responsiveness of the education and employment choices of young people in Great Britain to the level of wages currently available to them in the labour market. Our results show that among young males in particular, the probability of continued participation in full-time education declines significantly as the expected wage increases. The effects for young women are smaller and not statistically significant in general. In addition, we find that the probability of being inactive – not in education, employment or training – increases also with the level of expected wage, particularly in the case of young males of lower academic ability. In the light of these findings, we assess the impact of the recent introduction of a national minimum wage for 16 and 17 year olds on education and employment decisions of young men in Great Britain.
education, employment, wages, young people
University of Southampton
Rice, Patricia
9fe65262-51ad-4deb-9b8f-cedc772ba186
2006
Rice, Patricia
9fe65262-51ad-4deb-9b8f-cedc772ba186
Rice, Patricia
(2006)
Wages and the education and employment choices of young people: empirical analysis for Great Britain
(Discussion Papers in Economics and Econometrics, 612)
Southampton, UK.
University of Southampton
Record type:
Monograph
(Discussion Paper)
Abstract
This paper examines the responsiveness of the education and employment choices of young people in Great Britain to the level of wages currently available to them in the labour market. Our results show that among young males in particular, the probability of continued participation in full-time education declines significantly as the expected wage increases. The effects for young women are smaller and not statistically significant in general. In addition, we find that the probability of being inactive – not in education, employment or training – increases also with the level of expected wage, particularly in the case of young males of lower academic ability. In the light of these findings, we assess the impact of the recent introduction of a national minimum wage for 16 and 17 year olds on education and employment decisions of young men in Great Britain.
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Published date: 2006
Keywords:
education, employment, wages, young people
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Local EPrints ID: 42747
URI: http://eprints.soton.ac.uk/id/eprint/42747
PURE UUID: 4ae49896-06e9-48ea-996b-4842acd6d2d4
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Date deposited: 11 Jan 2007
Last modified: 15 Mar 2024 08:50
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Author:
Patricia Rice
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