SSE/EFI Working Paper Series in Economics and Finance
No 6:
Changes in the Rate of Return to Education in Sweden: 1968-1991
Mårten Palme ()
and Robert E. Wright
Abstract: This paper estimates and documents changes in the rate of
return to education in Sweden between 1968 and 1991. Both the "quantity"
(i.e.) years of schooling completed) and "quality" (i.e. education level
obtained) dimensions of education are considered. These returns are
calculated by estimating human capital wage equations. The data used are
from the 1968, 1981 and 1991 Swedish Level of Living Surveys. There are
three main conclusions. The first is that the rate of return to education
declined considerably between 1968 and 1981. However, since 1981 there has
been little change. The second is that the magnitude of the decline was not
the same for all levels of education, with the decline being particularly
pronounced for university education. The third is that the decline was not
equally shared between men and women, with the decline being larger for
women.
Keywords: Education wage premium; male-female wage differentials; spline functions; (follow links to similar papers)
JEL-Codes: J31; (follow links to similar papers)
25 pages, January 1994
Download Statistics
- This paper is published as:
-
Palme, Mårten and Robert E. Wright, (1998), 'Changes in the Rate of Return to Education in Sweden: 1968-1991', Applied Economics, Vol. 30, December, No. 12, pages 1653-1664
Questions (including download problems) about the papers in this series should be directed to Björn Thodenius ()
Report other problems with accessing this service to Sune Karlsson ()
or Björn Thodenius ().
Programing by
Design by Joachim Ekebom
