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Changes in the rate of return to education in Sweden: 1968-1991

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  • Marten Palme
  • Robert Wright

Abstract

This paper estimates changes in the rate of return to education in Sweden between 1968 and 1991. Both the 'quantity' (years of schooling completed) and 'quality' (highest qualification obtained) dimensions of education are considered. Adopting a human capital approach, the rate of return is measured in terms of differences in wage rates associated with differences in education. Both quadratic wage and cubic spline wage functions are estimated. The data used are from the 1968, 1981 and 1991 Swedish Level of Living Surveys.

Suggested Citation

  • Marten Palme & Robert Wright, 1998. "Changes in the rate of return to education in Sweden: 1968-1991," Applied Economics, Taylor & Francis Journals, vol. 30(12), pages 1653-1663.
    • Handle: RePEc:taf:applec:v:30:y:1998:i:12:p:1653-1663
    DOI: 10.1080/000368498324724
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    References listed on IDEAS

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    1. 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.
    2. Nilsson, C., 1992. "The Swedish Model: Labour Market Institutions and Contracts," Papers 1992-4, Uppsala - Working Paper Series.
    3. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, August.
    4. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, 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.
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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

    JEL classification:

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

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