Measuring the relationship between resources and outcomes in higher education in the UK
Economics of Education Review Volume 20, Number 6 ISSN 0272-7757 Publisher: Elsevier Ltd
This paper relates educational resources in higher education (HE) to labour market earnings for UK graduates. A positive relationship between (various types of) resources deployed and earnings is tested for, using data on UK graduates. Although basic correlations show a positive relationship between per unit resources and student–staff ratios with subsequent earnings, these correlations are significantly reduced when other controlling factors are included. The magnitude of any improvement in earnings from an increase in resources deployed in HE is estimated. The elasticity of earnings with respect to resources is also estimated.
Belfield, C.R. & Fielding, A. Measuring the relationship between resources and outcomes in higher education in the UK. Economics of Education Review, 20(6), 589-602. Elsevier Ltd.