There is an enduring belief by UK policymakers that a large higher education sector is an important driver of long-run economic growth, which has been part of the narrative since the Robbins Report. Back then, there was plenty of conjecture and assumption, but strikingly little concrete evidence to support such a belief. This paper asks whether the evidence base has strengthened in the 50 years since it was published. It looks at a number of different growth equation specifications and, using international education data, attempts to draw out the contribution of both the number of, and the growth in, graduates since the 1960s. There are three main findings. Firstly, many growth relationships, including those estimated elsewhere in the literature, are quite sensitive to the countries included – which often depends on the variables used – and time period of analysis. I argue that, given these issues, growth equations should always be treated with caution. Secondly, and remembering this caveat, neither the increase nor the initial level of higher education is found to have a statistically significant relationship with growth rates both in the OECD and worldwide. This result is robust to numerous different specifications. Thirdly, there is some evidence, consistent with the existing literature, that levels of technical skills at the end of compulsory education matter. The employment of higher level technical skills (proxied by the number of employed researchers in an economy) is also a strong predictor of growth. This gives a possible mechanism linking the output of (some) of the higher education sector with economic growth. However, it does not imply that mass higher education necessarily leads to higher growth. This depends on the skills produced by an expanding tertiary sector and their utilisation (or underutilisation) in the jobs available to increasing numbers of graduates.
Young people not participating in education, employment or training (NEET) are a key policy concern in Europe. In this study, we bring forward the idea of hope as a form of life course agency to examine whether hopeful thinking plays a protective role against the risk of being NEET in the context of the British welfare state. Hope is conceptualised as multidimensional: being a temporally embedded, agentic mentality comprised of one’s sense of adaptive decision-making in the present and pathways-thinking towards the future. Longitudinal estimations based on the latest Understanding Society microdata (2009–19) indicate a direct association between higher-hope modes, on average, and a lower likelihood of being NEET. Further, interaction models assess whether hopeful agency is moderated by the experience of parental worklessness. Findings indicate that hopeful agency is shown to be important in the face of NEET risks borne of family background. For the UK, building and ensuring that young people maintain an adaptive, agentic mentality towards their future in education or employment over the long term, may prove one cost-effective policy approach.
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