Is it ever too late to study? The economic returns on late tertiary degrees in Sweden
AbstractThis paper addresses the economic returns on tertiary degrees obtained in ages above 30 for individuals with upper-secondary schooling in light of current ideas on lifelong learning. Sweden is a case in point: Swedish tertiary education is open to older students, and labor market legislation supports employees who take a leave to study. The longitudinal data used for this analysis is based on annual population level registers from 1981 to 2007. Matching techniques are combined with fixed effect estimation to account for non-random selection. Late degrees were found to increase the employment rate by 18 percentage points and earnings while employed by 12 percent, which indicates strong employment effects and small effects on earnings while employed. The effects were absent in the higher parts of the earnings distribution, and females gained more than men. The estimated effects are largely stable across periods within a birth cohort.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Economics of Education Review.
Volume (Year): 31 (2012)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/econedurev
Human capital; Rate of return; Lifelong learning; Tertiary education; Adult education;
Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Monks, James, 1997. "The impact of college timing on earnings," Economics of Education Review, Elsevier, vol. 16(4), pages 419-423, October.
- Jeffrey Smith & Petra Todd, 2003.
"Does Matching Overcome Lalonde's Critique of Nonexperimental Estimators?,"
University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers
20035, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
- A. Smith, Jeffrey & E. Todd, Petra, 2005. "Does matching overcome LaLonde's critique of nonexperimental estimators?," Journal of Econometrics, Elsevier, vol. 125(1-2), pages 305-353.
- Hotz, V. Joseph & Crump, Richard K. & Mitnik, Oscar A. & Imbens, Guido, 2009.
"Dealing with Limited Overlap in Estimation of Average Treatment Effects,"
3007645, Harvard University Department of Economics.
- Richard K. Crump & V. Joseph Hotz & Guido W. Imbens & Oscar A. Mitnik, 2009. "Dealing with limited overlap in estimation of average treatment effects," Biometrika, Biometrika Trust, vol. 96(1), pages 187-199.
- Richard K. Crump & V. Joseph Hotz & Guido W. Imbens & Oscar A. Mitnik, 2004. "Dealing with Limited Overlap in Estimation of Average Treatment Effects," Working Papers 0716, University of Miami, Department of Economics, revised 12 Jun 2007.
- Richard Blundell & Monica Costa Dias, 2000. "Evaluation methods for non-experimental data," Fiscal Studies, Institute for Fiscal Studies, vol. 21(4), pages 427-468, January.
- Louis Jacobson & Robert LaLonde & Daniel G. Sullivan, 2002.
"Estimating the returns to community college schooling for displaced workers,"
Working Paper Series
WP-02-31, Federal Reserve Bank of Chicago.
- Jacobson, Louis & LaLonde, Robert & G. Sullivan, Daniel, 2005. "Estimating the returns to community college schooling for displaced workers," Journal of Econometrics, Elsevier, vol. 125(1-2), pages 271-304.
- Jacobson, Louis & LaLonde, Robert J. & Sullivan, Daniel G., 2004. "Estimating the Returns to Community College Schooling for Displaced Workers," IZA Discussion Papers 1017, Institute for the Study of Labor (IZA).
- Steven Glazerman & Dan M. Levy & David Myers, 2003. "Nonexperimental Versus Experimental Estimates of Earnings Impacts," Mathematica Policy Research Reports 3694, Mathematica Policy Research.
- Christopher Dougherty, 2006. "The Marriage Earnings Premium as a Distributed Fixed Effect," Journal of Human Resources, University of Wisconsin Press, vol. 41(2).
- Holmlund, Bertil & Liu, Qian & Nordström Skans, Oskar, 2006.
"Mind the gap? Estimating the effects of postponing higher education,"
Working Paper Series
2006:11, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Bertil Holmlund & Qian Liu & Oskar Nordström Skans, 2008. "Mind the gap? Estimating the effects of postponing higher education," Oxford Economic Papers, Oxford University Press, vol. 60(4), pages 683-710, October.
- Holmlund, Bertil & Liu, Qian & Nordström Skans, Oskar, 2006. "Mind the Gap? Estimating the Effects of Postponing Higher Education," Working Paper Series 2006:17, Uppsala University, Department of Economics.
- Bertil Holmlund & Qian Liu & Oskar Nordström Skans, 2006. "Mind the Gap? Estimating the Effects of Postponing Higher Education," CESifo Working Paper Series 1792, CESifo Group Munich.
- Lindqvist, Erik & Westman, Roine, 2009.
"The Labor Market Returns to Cognitive and Noncognitive Ability: Evidence from the Swedish Enlistment,"
Working Paper Series
794, Research Institute of Industrial Economics.
- Erik Lindqvist & Roine Vestman, 2011. "The Labor Market Returns to Cognitive and Noncognitive Ability: Evidence from the Swedish Enlistment," American Economic Journal: Applied Economics, American Economic Association, vol. 3(1), pages 101-28, January.
- Andrew Jenkins & Anna Vignoles & Alison Wolf & Fernando Galindo-Rueda, 2003. "The determinants and labour market effects of lifelong learning," Applied Economics, Taylor & Francis Journals, vol. 35(16), pages 1711-1721.
- Audrey Light, 1995. "The Effects of Interrupted Schooling on Wages," Journal of Human Resources, University of Wisconsin Press, vol. 30(3), pages 472-502.
- Angrist, Joshua D. & Krueger, Alan B., 1999.
"Empirical strategies in labor economics,"
Handbook of Labor Economics,
in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 23, pages 1277-1366
- Joshua Angrist & Alan Krueger, 1998. "Empirical Strategies in Labor Economics," Working papers 98-7, Massachusetts Institute of Technology (MIT), Department of Economics.
- Joshua Angrist & Alan Krueger, 1998. "Empirical Strategies in Labor Economics," Working Papers 780, Princeton University, Department of Economics, Industrial Relations Section..
- Mary A. Silles, 2007. "Adult Education And Earnings: Evidence From Britain," Bulletin of Economic Research, Wiley Blackwell, vol. 59(4), pages 313-326, October.
- Marc Frenette, 2004. "Access to College and University: Does Distance to School Matter?," Canadian Public Policy, University of Toronto Press, vol. 30(4), pages 427-443, December.
- Louis Jacobson & Robert J. LaLonde & Daniel Sullivan, 2005. "The impact of community college retraining on older displaced workers: Should we teach old dogs new tricks?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 58(3), pages 398-415, April.
- Stenberg, Anders, 2007. "Does adult education at upper secondary level influence annual wage earnings?," Working Paper Series 2007:9, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Öckert, Björn, 2010. "What's the value of an acceptance letter? Using admissions data to estimate the return to college," Economics of Education Review, Elsevier, vol. 29(4), pages 504-516, August.
- Stenberg, Anders, 2011. "Using longitudinal data to evaluate publicly provided formal education for low skilled," Economics of Education Review, Elsevier, vol. 30(6), pages 1262-1280.
- Gunnar Isacsson, 2004. "Estimating the economic return to educational levels using data on twins," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(1), pages 99-119.
- Duncan, Greg J. & Hoffman, Saul D., 1981. "The incidence and wage effects of overeducation," Economics of Education Review, Elsevier, vol. 1(1), pages 75-86, February.
- Stenberg, Anders, 2009. "Upgrading the Low Skilled: Is Public Provision of Formal Education a Sensible Policy?," Working Paper Series 1/2009, Swedish Institute for Social Research.
- Ashenfelter, Orley C, 1978. "Estimating the Effect of Training Programs on Earnings," The Review of Economics and Statistics, MIT Press, vol. 60(1), pages 47-57, February.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.