Abstract
Disparities in educational opportunities and attainments contribute a great deal to social and economic inequalities in the UK and other developed countries. First, it is well known that educational attainments are strongly positively related to employment rates and to pay. For example, among persons aged 25–59 in the UK, about 89 per cent of university graduates were employed in 2009 compared to 78 per cent of those whose highest qualifications were classified to Level 2 of the National Vocational Qualifications (NVQ) framework. At the same time average gross hourly earnings for 25–59 year old graduates in employment were roughly 80 per cent higher than for people in the same age group with NVQ Level 2 qualifications.
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