§ Mr. BoswellTo ask the Secretary of State for Education and Employment what estimate he has made of the current social rate of return to(a) primary, (b) secondary and (c) tertiary education. [94730]
§ Mr. WicksThe estimated social rate of return to A-levels taken by young people is 14-21 per cent. The National Committee of Inquiry into Higher Education estimated the rate of return on first degrees at 7-9 per cent. in the first half of the 1990s, and there are some indications that a marginally higher figure may now be appropriate. Estimates for compulsory education are not available.