Flexibility at a Cost: Should Governments Stimulate Tertiary Education for Adults?
2015 (English)Report (Other academic)
Most OECD countries experience high unemployment rates and declining growth in higher educational attainment. An often suggested government policy is there- fore to allocate resources towards formal schooling for adults. However, returns on such investments are uncertain and the foregone earnings are potentially large. We use Swe- dish population register data from 1982 to 2011 to estimate average long run earnings re- turns on higher education for 29- to 55-year-olds who enrolled 1992-1993. We find sub- stantial positive estimates, but these only fully emerge after approximately ten years. Nevertheless, calculations indicate that the benefits for society exceed the costs also un- der fairly pessimistic assumptions.
Place, publisher, year, edition, pages
2015. , 46 p.
Working paper series / Linnaeus University Centre for Labour Market and Discrimination Studies, 2015:5
Adult education, Human capital, Earnings
Research subject Economy, Economics
IdentifiersURN: urn:nbn:se:lnu:diva-50311OAI: oai:DiVA.org:lnu-50311DiVA: diva2:909962