Does Formal Education for Older Workers Increase Earnings? Analyzing Annual Data Stretching Over 25 Years
AbstractGovernments 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.
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Bibliographic InfoPaper provided by Swedish Institute for Social Research in its series Working Paper Series with number 8/2011.
Length: 39 pages
Date of creation: 07 Apr 2011
Date of revision:
Adult education; Earnings; Government Expenditures; Human capital;
Other versions of this item:
- Stenberg, Anders & de Luna, Xavier & Westerlund, Olle, 2011. "Does Formal Education for Older Workers Increase Earnings? – Analyzing Annual Data Stretching over 25 Years," UmeÃ¥ Economic Studies 823, Umeå University, Department of Economics.
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
- H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
- NEP-EDU-2011-04-23 (Education)
- NEP-EUR-2011-04-23 (Microeconomic European Issues)
- NEP-HRM-2011-04-23 (Human Capital & Human Resource Management)
- NEP-LAB-2011-04-23 (Labour Economics)
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.:
- Bassanini, Andrea & Booth, Alison L. & Brunello, Giorgio & De Paola, Maria & Leuven, Edwin, 2005. "Workplace Training in Europe," IZA Discussion Papers 1640, Institute for the Study of Labor (IZA).
- Deborah A. Cobb-Clark & Thomas Crossley, 2003. "Econometrics for Evaluations: An Introduction to Recent Developments," The Economic Record, The Economic Society of Australia, vol. 79(247), pages 491-511, December.
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