raising of the school leaving age in 1972 had a permanent impact on earnings for
individuals in their early 50s. … Moreover, due to the large sample size of the UKHLS we
focus our attention on a very narrow age range and consider whether the additional human
capital gained due to the 1972 education reform translates into persistent returns that remain
visible in later life at age 52/53. An earnings effect at this later stage would indicate that …