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Changes in the Rate of Return to Education in Sweden: 1968-1991

Author

Listed:
  • Palme, Mårten

    (Dept. of Economic Statistics, Stockholm School of Economics)

  • Wright, Robert E.

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.

Suggested Citation

  • Palme, Mårten & Wright, Robert E., 1994. "Changes in the Rate of Return to Education in Sweden: 1968-1991," SSE/EFI Working Paper Series in Economics and Finance 6, Stockholm School of Economics.
    • Handle: RePEc:hhs:hastef:0006
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    References listed on IDEAS

    as
    1. Nilsson, C., 1992. "The Swedish Model: Labour Market Institutions and Contracts," Papers 1992-4, Uppsala - Working Paper Series.
    2. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    3. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, March.
    4. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    5. Wilhelm Lorenz & Joachim Wagner & Karel van den Bosch, 1990. "A Note on the Returns to Human Capital in the Eighties: Evidence from Twelve Countries," LIS Working papers 54, LIS Cross-National Data Center in Luxembourg.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Lazuka, Volha, 2019. "It’s a long walk: Lasting effects of maternity ward openings on labour market performance," Lund Papers in Economic History 187, Lund University, Department of Economic History.

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    More about this item

    Keywords

    Education wage premium; male-female wage differentials; spline functions;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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