Lorraine Dearden

Last updated

Lorraine Dearden
Born (1961-10-01) 1 October 1961 (age 62)
Nationality Australian-British
Academic career
Institutions University College London
Field Education economics
Alma mater Australian National University (LLB, BEcon)
London School of Economics (MSc)
University College London (PhD)
Doctoral
advisor		 Sir Richard Blundell
Information at IDEAS / RePEc

Lorraine Margaret Dearden (born 1 October 1961) [1] is an Australo- British economist and professor of economics and social statistics at the Department of Social Science of the Institute of Education, University College London. [2] Her research focuses on the economics of education.

Contents

Biography

Lorraine Dearden grew up in Australia, where she attended high school and college in Canberra. After earning bachelor's degrees in economics and law from the Australian National University in 1983 and 1986, respectively, she worked for the Australian Department of Employment, Education and Training on economic policy until 1992, earning a M.Sc. in economics from the London School of Economics (LSE) in 1990-91. She then pursued a PhD in economics at the University College London (UCL), graduating in 1995 with a dissertation on "Education, Training and Earnings in Australia and Britain".

Since early 1995, Dearden has been affiliated with the Institute for Fiscal Studies, whose education sector she directs and where she currently works as research fellow. Moreover, since 2005, she has been the Professor of Economics and Social Statistics at UCL's Institute of Education and the deputy director of the Centre for the Economics of Education (CEE) at LSE. Between 2008 and 2011, Dearden has also worked as director of the ADMIN Node of the Economic and Social Research Council's National Centre for Research Methods. Moreover, she is also affiliated with the IZA Institute of Labor Economics and the Academy of Social Sciences.

Dearden and Paul Johnson are the parents of four sons. [3] In 2016, they were living in Highgate. [4]

Research

Lorraine Dearden's research interests include the impact of education policies on beneficiaries' education and labour market outcomes, ethnic inequality in childhood outcomes, higher education finance, wage determination, and intergenerational mobility (among else). [5] According to IDEAS/RePEc, Dearden ranks among the top 5% of economists in terms of research output. [6]

Research on the returns to education and training

Dearden has conducted extensive research on the determinants and returns to education along with Richard Blundell, Costas Meghir, Barbara Sianesi, Alissa Goodman, Howard Reed, and Anna Vignoles. Together with Blundell and Meghir, she finds that, in Britain in the 1980s, both the highly educated and men were substantially more susceptible to receive employer-provided training and work-related training than women, with training increasing workers' real earnings by 5% and up to 10% in case of graduation over 10 years and the returns to training persisting through changes in employers. [7] Reviewing the evidence on the returns to education and training prior to the mid-2000s, they - along with Sianesi - conclude that "there is a substantial body of evidence on the contribution of education to economic growth" (as opposed to e.g. Lant Pritchett). [8] In further work, Dearden, Blundell, Goodman and Reed estimate that, controlling for individual characteristics, an undergraduate degree raised the earnings of British men and women from the 1958 cohort by, on average, 17% and 37%, respectively, with lower returns for higher degrees and non-degree higher education. [9] Together with Vignoles, Steven McIntosh and Michal Myck, Dearden further finds that the wage premia for vocational qualifications in the UK in the 1990s were generally lower than those of academic qualifications. [10] Moreover, Dearden, Meghir and Javier Ferri find that the pupil-teacher ratio in the UK has generally no impact on educational qualifications or on men's wages but on those of low-ability women and that attending selective schools improves educational outcomes and, for men, also wages. [11] Finally, Dearden, Blundell and Sianesi estimate that, compared to dropping out of secondary school at age 16, O-levels raise earnings by 18%, A-levels by 24% and higher education by 48%. [12]

Other research

Related Research Articles

<span class="mw-page-title-main">Social mobility</span> Mobility to move social classes

Social mobility is the movement of individuals, families, households or other categories of people within or between social strata in a society. It is a change in social status relative to one's current social location within a given society. This movement occurs between layers or tiers in an open system of social stratification. Open stratification systems are those in which at least some value is given to achieved status characteristics in a society. The movement can be in a downward or upward direction. Markers for social mobility such as education and class, are used to predict, discuss and learn more about an individual or a group's mobility in society.

<span class="mw-page-title-main">IZA Institute of Labor Economics</span> German think tank

The IZA – Institute of Labor Economics, until 2016 referred to as the Institute for the Study of Labor (IZA), is a private, independent economic research institute and academic network focused on the analysis of global labor markets and headquartered in Bonn, Germany.

<span class="mw-page-title-main">Economic mobility</span> Ability to improve ones economic status

Economic mobility is the ability of an individual, family or some other group to improve their economic status—usually measured in income. Economic mobility is often measured by movement between income quintiles. Economic mobility may be considered a type of social mobility, which is often measured in change in income.

Konstantinos "Costas" Meghir is a Greek-British economist. He studied at the University of Manchester where he graduated with a Ph.D. in 1985, following an MA in economics in 1980 and a BA in Economics and Econometrics in 1979. In 1997 he was awarded the Bodosakis foundation prize and in 2000 he was awarded the “Ragnar Frisch Medal” for his article “Estimating Labour Supply Responses using Tax Reforms”.

Wage differential is a term used in labour economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job. A compensating differential, which is also called a compensating wage differential or an equalizing difference, is defined as the additional amount of income that a given worker must be offered in order to motivate them to accept a given undesirable job, relative to other jobs that worker could perform. One can also speak of the compensating differential for an especially desirable job, or one that provides special benefits, but in this case the differential would be negative: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs.

<span class="mw-page-title-main">Joshua Angrist</span> Israeli–American economist

Joshua David Angrist is an Israeli–American economist and Ford Professor of Economics at the Massachusetts Institute of Technology. Angrist, together with Guido Imbens, was awarded the Nobel Memorial Prize in Economics in 2021 "for their methodological contributions to the analysis of causal relationships".

Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for individuals, the field of the economics of education has grown rapidly to cover virtually all areas with linkages to education.

<span class="mw-page-title-main">Raj Chetty</span> American economist

Nadarajan "Raj" Chetty is an Indian-American economist and the William A. Ackman Professor of Public Economics at Harvard University. Some of Chetty's recent papers have studied equality of opportunity in the United States and the long-term impact of teachers on students' performance. Offered tenure at the age of 28, Chetty became one of the youngest tenured faculty in the history of Harvard's economics department. He is a recipient of the John Bates Clark Medal and a 2012 MacArthur Fellow. Currently, he is also an advisory editor of the Journal of Public Economics. In 2020, he was awarded the Infosys Prize in Economics, the highest monetary award recognizing achievements in science and research, in India.

<span class="mw-page-title-main">Socioeconomic mobility in the United States</span> Social and economic class mobility

Socioeconomic mobility in the United States refers to the upward or downward movement of Americans from one social class or economic level to another, through job changes, inheritance, marriage, connections, tax changes, innovation, illegal activities, hard work, lobbying, luck, health changes or other factors.

<span class="mw-page-title-main">Great Gatsby Curve</span> Relates income inequality and income mobility

The "Great Gatsby Curve" is the term given to the positive empirical relationship between cross-sectional income inequality and persistence of income across generations. The scatter plot shows a correlation between income inequality in a country and intergenerational income mobility.

Joseph Gerard Altonji is an American economist and the Thomas DeWitt Cuyler Professor of Economics at Yale University. His fields of interest include macroeconomics and applied econometrics and in particular labour economics, being ranked as one of the foremost labour economists worldwide. In 2018, his contributions to the analysis of labour supply, family economics and discrimination were rewarded with the IZA Prize in Labor Economics.

<span class="mw-page-title-main">Rachel Griffith</span> British economist (born 1963)

Dame Rachel Susan Griffith is a British-American academic and educator. She is professor of economics at the University of Manchester and a research director at the Institute for Fiscal Studies.

Anna Frances Vignoles is a British educationalist and economist. She is the Director of the Leverhulme Trust, taking up her position in January 2021. Previously, she was Professor of Education and fellow of Jesus College at the University of Cambridge, where her research focused on the economic value of education and issues of equity in education. She was elected as a fellow of the British Academy in 2017.

<span class="mw-page-title-main">Stephen Machin</span>

Stephen Jonathan Machin is a British economist and professor of economics at the London School of Economics (LSE). Moreover, he is currently director of the Centre for Economic Performance (CEP) and is a fellow of the British Academy, the Society of Labor Economists and the European Economic Association. His current research interests include labour market inequality, the economics of education, and the economics of crime.

Uwe Sunde is a German economist and currently Professor of Economics at the Ludwig Maximilian University of Munich (LMU) as well as a Research Professor in the ifo Center for Labour and Demographic Economics. Sunde's research interests include long-term development and growth, political economy, labour economics, population economics, and behavioural economics. In 2015, his research on risk preferences and on the role of life expectancy and human capital for long-term economic development earned him the Gossen Prize.

Hessel Oosterbeek is a Dutch economist. He currently works as Professor of Economics at the University of Amsterdam. In particular, Oosterbeek has conducted extensive research on the returns to schooling, the economics of training, investment contracts, and overeducation and has performed impact evaluations for various interventions in especially education. Oosterbeek ranks among the most-cited Dutch economists and the world's leading education economists.

Edwin Leuven is a Dutch economist and Professor of Economics at the University of Oslo. He is one of the leading European education economists, with a focus on the economics of training.

Nicole M. Fortin is a Professor in the Vancouver School of Economics (VSE) at University of British Columbia, where she obtained her Ph.D. in Economics. Before moving to Vancouver, B.C. in 1999, Fortin taught at Université de Montréal for ten years in her hometown. She was the President of the Canadian Women Economic Network (CWEN) in 2013–2014. Her research focus is placed on three main themes, including the linkage between labour market institutions and wage inequality, issues related to the economic progress of gender equality, as well as contributions to decomposition methods. Notably, Fortin contributed to the ground-breaking research presented in the 2015 World Happiness Report by examining how various factors impact feelings of happiness for individuals, and societal well-being overall, across the globe.

<span class="mw-page-title-main">UCL Department of Economics</span> Department of University College London

The UCL Department of Economics is one of nine Departments and Institutes within the Faculty of Social and Historical Sciences at University College London. It is the oldest department of economics in England and is research-intensive, currently headed by Professor Antonio Guarino.

Barbara Sianesi is an Italian economist currently a senior research economist at the Institute for Fiscal Studies in London. She obtained her PhD from University College London and a BA in economics from Bocconi University.

References

  1. ↑ Curriculum vitae of Lorraine Deardon on the website of IZA. Retrieved July 24th, 2019.
  2. ↑ Q&A with Professor Lorraine Dearden on the UCL website. Retrieved July 24th, 2019.
  3. ↑ 'Johnson, Paul Gavin', in Who's Who 2015 (London: A. & C. Black, 2015)
  4. ↑ Curriculum Vitae Paul Gavin JOHNSON Archived 2015-04-19 at the Wayback Machine at ifs.org.uk, accessed 18 April 2015
  5. ↑ IZA profile of Lorraine Dearden. Retrieved July 24th, 2019.
  6. ↑ Ranking of authors registered on IDEAS/RePEc by citation-weighted research output. Retrieved November 8th, 2019.
  7. ↑ Blundell, R., Dearden, L., Meghir, C. (1996). The Determinants and Effects of Work-related Training in Britain. London: Institute for Fiscal Studies.
  8. ↑ Blundell, Richard; Dearden, Lorraine; Meghir, Costas; Sianesi, Barbara (1999). "Human Capital Investment: The Returns from Education and Training to the Individual, the Firm and the Economy". Fiscal Studies. 20: 1–23. doi:10.1111/j.1475-5890.1999.tb00001.x.
  9. ↑ Blundell, Richard; Dearden, Lorraine; Goodman, Alissa; Reed, Howard (2000). "The Returns to Higher Education in Britain: Evidence from a British Cohort". The Economic Journal. 110 (461): F82–F99. doi:10.1111/1468-0297.00508.
  10. ↑ Dearden, Lorraine; McIntosh, Steven; Myck, Michal; Vignoles, Anna (2002). "The Returns to Academic and Vocational Qualifications in Britain". Bulletin of Economic Research. 54 (3): 249–274. doi:10.1111/1467-8586.00152.
  11. ↑ Dearden, Lorraine; Ferri, Javier; Meghir, Costas (2002). "The Effect of School Quality on Educational Attainment and Wages". The Review of Economics and Statistics. 84 (1): 1–20. doi:10.1162/003465302317331883. JSTOR   3211735.
  12. ↑ Blundell, Richard; Dearden, Lorraine; Sianesi, Barbara (2005). "Evaluating the Effect of Education on Earnings: Models, Methods and Results from the National Child Development Survey". Journal of the Royal Statistical Society Series A: Statistics in Society. 168 (3): 473–512. doi:10.1111/j.1467-985X.2004.00360.x.
  13. ↑ Dearden, Lorraine; Machin, Stephen; Reed, Howard (1997). "Intergenerational Mobility in Britain". The Economic Journal. 107 (440): 47–66. doi:10.1111/1468-0297.00141. JSTOR   2235270.
  14. ↑ Dearden, Lorraine; Reed, Howard; Van Reenen, John (2006). "The Impact of Training on Productivity and Wages: Evidence from British Panel Data". Oxford Bulletin of Economics and Statistics. 68 (4): 397–421. doi:10.1111/j.1468-0084.2006.00170.x.
  15. ↑ Dearden, L., Reed, H., van Reenen, J. (2000). Who gains when workers train? Training and corporate productivity in a panel of British industries. IFS Working Papers
  16. ↑ Chowdry, Haroon; Crawford, Claire; Dearden, Lorraine; Goodman, Alissa; Vignoles, Anna (2013). "Widening Participation in Higher Education: Analysis Using Linked Administrative Data". Journal of the Royal Statistical Society Series A: Statistics in Society. 176 (2): 431–457. doi:10.1111/j.1467-985X.2012.01043.x.
  17. ↑ Ravallion, Martin; Dearden, Lorraine (1988). "Social Security in a "Moral Economy": An Empirical Analysis for Java". The Review of Economics and Statistics. 70 (1): 36–44. doi:10.2307/1928148. JSTOR   1928148.
  18. ↑ Crawford, C., Dearden, L., Meghir, C. (2007). When you are born matters: The impact of date of birth on child cognitive outcomes in England.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.