Declining Returns to Education in NOrway? Comparing Estimates Across Cohorts, Sectors and Over Time

Torbjørn Hægeland, Tor Klette and Kjell G Salvanes

Working Papers from Norwegian School of Economics and Business Administration-

Abstract: We examine the role of the Norwegian education system in explaining the moderate and stable earnings dispersion in Norway. Estimating earnings equations for 1980 and 1990, we find that returns to education have been remarkably stable in Norway, also when we compare returns to education across different sectors of the economy. Our analysis controls for self-selection into education by using an instrumental variable technique. We estimate separate education earnings profiles for different cohorts to identify the effect on wage premiums of the large changes that have taken place in the Norwegian education system. The substantially higher level of educational attainment for more recent cohorts does not, cet.par., seem to have negative effect on educational wage premiums for these younger cohorts.

Keywords: WAGES; WORKERS' EDUCATION; HUMAN CAPITAL (search for similar items in EconPapers)
JEL-codes: I21 J24 J31 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1999
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Citations: View citations in EconPapers (36)

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Journal Article: Declining Returns to Education in Norway? Comparing Estimates across Cohorts, Sectors and over Time (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:norgee:14/99

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