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THE OUTPUT OF THE SWEDISH EDUCATION SECTOR
Author(s) -
Ahlroth Sofia,
Björklund Anders,
Forslund Anders
Publication year - 1997
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1997.tb00202.x
Subject(s) - economics , labour economics , leisure time , working hours , demographic economics , medicine , physical activity , physical medicine and rehabilitation
The output of the Swedish education sector is defined as the addition to lifetime incomes generated by the schooling system. Using cross‐sectional information on wages, employment rates, working hours, school‐participation and leisure time, all by years of schooling, we compute new output‐based measures of the education sector. Measures that include and exclude leisure, and that are counted before and after taxes are computed for the years 1967, 1973, 1980 and 1990. Our most important conclusion is that the output‐based measure differs so markedly from conventional input‐based ones that a replacement of the latter with the former would change the picture of the overall performance of the Swedish economy over the period.