 Changes in the Rate of Return to Education in Sweden: 1968-1991Mårten Palme and Robert Wright () No 6, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics 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. Keywords: Education wage premium; male-female wage differentials; spline functions (search for similar items in EconPapers) Published in Applied Economics, 1998, pages 1653-1664. There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0006 Access Statistics for this paper More papers in SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC. |
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