A Note on Evaluating Formal Education for Adults

Anders Stenberg

No 15379, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: self-selection; propensity score matching; adult education (search for similar items in EconPapers)
JEL-codes: H30 H52 I20 J24 O30 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2022-06
New Economics Papers: this item is included in nep-eur and nep-lma
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Published - published as 'Does Formal Education for Adults Yield Long-Term Multiplier Effects or Human Capital Depreciation?' in: Economics of Education Review, 2022, 90, 102306

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Working Paper: A Note on Evaluating Formal Education for Adults (2022)
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