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A Note on Evaluating Formal Education for Adults

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  • Stenberg, Anders

    (SOFI, Stockholm University)

Abstract

Evaluations of adults in formal education (AE) are typically based on earnings measured 5-10 years after program enrollment. This paper estimates returns up to 24 years after enrollment, and explore results for 15 cohorts of first-time registered in AE in Sweden 1994-2008 with at least a 10-year follow-up period. The results indicate substantially higher payoffs in absolute terms after the maximum length of follow-up compared with after 10 years. There is also weak support that multiplier effects increase the percentage returns to AE over time, regardless of gender or whether the level of AE is college or high school.

Suggested Citation

  • Stenberg, Anders, 2022. "A Note on Evaluating Formal Education for Adults," IZA Discussion Papers 15379, IZA Network @ LISER.
    • Handle: RePEc:iza:izadps:dp15379
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    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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