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A Note on Evaluating Formal Education for Adults

Anders Stenberg ()

No 1/2022, Working Paper Series from Stockholm University, Swedish Institute for Social Research

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 indi-cate substantially higher payoffs in absolute terms after the maximum length of fol-low-up compared with after 10 years. There is also weak support that multiplier ef-fects increase the percentage returns to AE over time, regardless of gender or whether the level of AE is college or high school.

Keywords: Adult education; Self-selection; Propensity score matching (search for similar items in EconPapers)
JEL-codes: H30 H52 I20 J24 O30 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2022-02-01, Revised 2022-06-14
New Economics Papers: this item is included in nep-eur, nep-his and nep-lma
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