The Changing Economic Advantage from Private Schools

Private schooling is an important feature of education systems across the world. Despite its relatively small size, the British private school sector has a long history and plays a prominent role in society. We provide evidence showing that private schools have been successful in transforming their ability to generate the academic outputs that are most in demand in the modern economy: the private/state school wage differential has risen significantly over time, and a significant factor has been faster rising educational attainment for privately‐educated individuals.