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• W2344080636 abstract "Summary To form an efficient education policy, politicians need answers to the following types of questions: What are the economic returns to individuals’ participation in different types of schooling? How are prospective students’ schooling choices affected by the perceived economic returns to schooling before and after taxes and student costs? What are the returns to additional resources, e.g. smaller classes in primary education? In the 1990s, the Swedish government increased the number of study places at colleges and in other institutions for adult education. New subsidies were introduced to stimulate adult education. At the same time, the local governments reduced expenditure per pupil in compulsory education. This paper summarises Swedish empirical research in this area. Several studies suggest a robust causal relationship between years of education and the logarithm of individuals’ earnings. The relationship is remarkably linear with a slope around 0.04, which suggests that an additional year of schooling would on average raise earnings by around four percent. Nonetheless, it is questionable whether adult education, which takes place later in life, yields as high a return as youth education. College enrolment seems to be sensitive to the economic returns to such education. However, the marked increase in enrolment during the 1990s would not have occurred without additional study places. Present Swedish research offers almost no guidance on the effects of the expenditure reductions in primary education during the 1990s. Randomised experiments would probably be needed to fill this serious gap in our knowledge." @default.
• W2344080636 created "2016-06-24" @default.
• W2344080636 creator A5052634957 @default.
• W2344080636 date "2000-01-01" @default.
• W2344080636 modified "2023-10-03" @default.
• W2344080636 title "Education policy and returns to education" @default.
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