Investing in a legal education: the private rate of return to a law degree

Anne Daly; Don Fleming; Phil Lewis

Investing in a legal education: the private rate of return to a law degree

Anne Daly, Don Fleming, Phil Lewis

Canberra Law School

Research output: Contribution to conference (non-published works) › Paper

Abstract

This paper considers the implications of the major changes in the labour market for lawyers over the past twenty years in the private rate of return to investment in a law degree. Other things being equal, it might be expected that the large increases in supply of law graduates might have reduced the rate of return to the degree. The paper reports estimates based on Census data for 1986, 1991, 1996 and 2001 which show that the private rate of return to the degree did not fall between 1986 and 2001. The result can be explained by the large increase in demand that seems to have accompanied the growth in supply.

Original language	English
Pages	1-17
Number of pages	17
Publication status	Published - 2003
Event	32nd Conference of Economists 2003 - Canberra, Australia Duration: 29 Sept 2003 → 1 Oct 2003

Conference

Conference	32nd Conference of Economists 2003
Country/Territory	Australia
City	Canberra
Period	29/09/03 → 1/10/03

Cite this

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abstract = "This paper considers the implications of the major changes in the labour market for lawyers over the past twenty years in the private rate of return to investment in a law degree. Other things being equal, it might be expected that the large increases in supply of law graduates might have reduced the rate of return to the degree. The paper reports estimates based on Census data for 1986, 1991, 1996 and 2001 which show that the private rate of return to the degree did not fall between 1986 and 2001. The result can be explained by the large increase in demand that seems to have accompanied the growth in supply. ",

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AB - This paper considers the implications of the major changes in the labour market for lawyers over the past twenty years in the private rate of return to investment in a law degree. Other things being equal, it might be expected that the large increases in supply of law graduates might have reduced the rate of return to the degree. The paper reports estimates based on Census data for 1986, 1991, 1996 and 2001 which show that the private rate of return to the degree did not fall between 1986 and 2001. The result can be explained by the large increase in demand that seems to have accompanied the growth in supply.

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T2 - 32nd Conference of Economists 2003

Y2 - 29 September 2003 through 1 October 2003

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Investing in a legal education: the private rate of return to a law degree

Abstract

Conference

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Cite this