This paper presents an empirical analysis of how Sweden's public old age pension system affects the retirement decision. We focus on male blue-collar workers whose dominant income source as retired comes from the public old age pension system. We develop a dynamic programming model using the...

In 1998, Sweden introduced a second tier of mandatory individual accounts in the public pension system. This paper examinesinvestment choice in the Swedish individual account scheme focusing on two aspects of the investment decision: Do workers with high risk in their human capital diversify...

This paper estimates changes in the rate of return to education in Sweden between 1968 and 1991. Both the 'quantity' (years of schooling completed) and 'quality' (highest qualification obtained) dimensions of education are considered. Adopting a human capital approach, the rate of return is...