(), Xavier de Luna
() and Olle Westerlund
Anders Stenberg: Swedish Institute for Social Research, Stockholm University, Postal: SE-106 91 Stockholm, Sweden
Xavier de Luna: Department of Statistics, Umeå University, Postal: SE-901 87 Umeå, Sweden
Olle Westerlund: Department of Economics, Umeå University, Postal: SE-901 87 Umeå, Sweden
Abstract: Governments in the US, Canada and Europe have expressed an ambition to stimulate education of older. In this paper, we analyze if there are effects on annual earnings of formal education for participants aged 42-55 at the time of enrolment in 1994-1995. The analysis explores longitudinal population register data stretching from 1982 to 2007. The method used is difference-in-differences propensity score matching based on a rich set of covariates, including indicators of health and labor market marginalization. Results differ from earlier studies, implying no significant average earnings effects for males, positive effects for females, although insufficient to cover total costs.
39 pages, April 7, 2011
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