Education

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    Students’ university degree classification affect their pay later in life

Students’ university degree classification affect their pay later in life

Since the early 1960s, with developments in the field of human capital research, analysis of the returns to education has established robust evidence of a strong positive association between earnings and years of schooling or level of qualification attained. But there has been little analysis of how returns vary according to the level of academic performance – for example, […]

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    The more universities in a country, the faster its economic growth

The more universities in a country, the faster its economic growth

In 1900, only one in a hundred young people in the world were enrolled at universities, but over the course of the twentieth century this rose to one in five.  It turns out that this enormous expansion of the higher education sector was not just the product of riches – it has helped fuel economic growth.

We compiled new data […]

What if we turned the skills-gap debate around?

One of the frequent criticisms levelled at universities in both the US and UK is that they do not provide students with the skills they need in the workplace. Often borrowing from human capital theory, first elaborated by the late Chicago School economist Gary Becker in the 1960s, critics argue that high aggregate unemployment rates, particularly of recent college […]

Spending review brings good news for science

In the government’s recent Spending Review, Chancellor George Osborne had surprisingly good news for UK researchers and UK businesses. ‘In the modern world, one of the best ways you can back business is by backing science’, he said. ‘That’s why, in the last Parliament, I protected the resource budget for science in cash terms. In this Parliament, I’m protecting […]

A quiet revolution is transforming business schools

There is a quiet revolution going on in business schools. Some call it the “transition to predictability” others call it “causal based research”. A few business schools are transitioning from explaining success to predicting success. This is happening because of the way science naturally evolves, and it has major implications for you and your career. Broadly, scientific development comes […]