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  • 1.
    Isacsson, Gunnar
    Dalarna University, School of Technology and Business Studies, Economics.
    Estimates of the return to schooling in Sweden from a large sample of twins1999In: Labour Economics, ISSN 0927-5371, E-ISSN 1879-1034, Vol. 6, no 4, p. 471-489Article in journal (Refereed)
    Abstract [en]

    A large sample of twins was used to examine whether conventional estimates of the return to schooling in Sweden are biased because ability is omitted from the earnings-schooling relationship. Ignoring measurement error, the results indicate that omitting ability from the earnings-schooling relationship leads to estimates that are positively biased. However, reasonable estimates of the measurement-error-adjusted returns are both above and below the unadjusted estimates, showing that the results depend crucially on a parameter not known at this time. However, an estimate of the reliability ratio was obtained using two measures on educational attainment. With this estimate of the reliability ratio the measurement-error-adjusted estimate of the return to schooling in the sample of identical twins indicates that there is at most a slight ability bias in the conventional estimates of the return to schooling. The fundamental assumption of this kind of study is that within-pair differences in educational attainment are randomly determined. This assumption was also tested, but no strong evidence to reject it was found.

  • 2.
    Isacsson, Gunnar
    Dalarna University, School of Technology and Business Studies, Economics.
    Estimating the economic return to educational levels using data on twins2004In: Journal of applied econometrics (Chichester, England), ISSN 0883-7252, E-ISSN 1099-1255, Vol. 19, no 1, p. 99-119Article in journal (Refereed)
  • 3.
    Isacsson, Gunnar
    Dalarna University, School of Technology and Business Studies, Economics.
    External effects of education on earnings: Swedish evidence using matched employee-establishment data2005Report (Other academic)
    Abstract [en]

    This paper provides an empirical investigation of externalities from education in Sweden in an earnings equation framework. The empirical models are estimated on a large sample of matched employees and establishments. External effects of education are identified from the average educational attainment of workers outside the individual’s establishment. The paper also investigates the coherence of the evidence with respect to the idea that educational externalities arise through face-to-face interaction between individuals. A set of different specifications and fixed effects models is used to investigate the robustness of the basic cross-sectional model. The cross-sectional models suggest, in general, that externalities are positive and significantly different from zero. The cross-sectional evidence is also broadly coherent with the idea that externalities are declining in spatial transaction costs, such as the Euclidean distance between establishments. However, after accounting for individual fixed effects and dummy variables for the county in which the individual works the results indicate no statistically significant external effects of education on earnings in Sweden.

  • 4.
    Isacsson, Gunnar
    Dalarna University, School of Technology and Business Studies, Economics.
    The trade off between time and money: Is there a difference between real and hypothetical choices?2007Report (Other academic)
  • 5.
    Isacsson, Gunnar
    Dalarna University, School of Technology and Business Studies, Economics.
    Twin Data vs. Longitudinal Data to Control for Unobserved Variables in Earnings Functions — Which Are the Differences?2007In: Oxford Bulletin of Economics and Statistics, ISSN 0305-9049, E-ISSN 1468-0084, Vol. 69, no 3, p. 339-362Article in journal (Refereed)
    Abstract [en]

    This paper compares two different approaches empirically to control for unobserved characteristics when estimating the effect of marriage on male and female earnings: the longitudinal and the twins approach. The estimates were obtained by exploiting the longitudinal dimension of a large sample of Swedish twins, so that longitudinal and twin-based estimates could be obtained in the same sample. The two approaches lead to different conclusions both regarding the role of unobserved characteristics in the cross-sectional earnings–marriage relationship and the effect of marriage on earnings. The paper investigates three potential explanations of this difference.

  • 6.
    Isacsson, Gunnar
    et al.
    Dalarna University, School of Technology and Business Studies, Economics.
    Karlström, Anders
    Is sick absence related to commuting travel time?: Swedish evidence based on the generalized propensity score estimator2010Report (Other academic)
    Abstract [en]

    This paper focuses on the effects of commuting time on sickness insurance utilization by applying a generalized propensity score estimator to a large sample of Swedish employees. We analyse the effect of commuting time both on the probability of using sickness insurance at all and on the probability that an individual on sick leave is on so-called partial sick leave rather than being completely absent from work. Insurance utilization is in both cases defined as being ill for more than 14 days. The results indicate, in general, that individuals do not use sickness insurance because of their commuting time. However, commuting time seems to increase the risk of being on sick leave among females with relatively low annual wage earnings. The results indicate, furthermore, a relatively weak and negative relationship between the probability of being on partial sick leave and commuting time in the group of individuals who have utilized sickness insurance. The latter result applies to both men and women.

  • 7.
    Isacsson, Gunnar
    et al.
    Dalarna University, School of Technology and Business Studies, Economics.
    Karlström, Anders
    Swärdh, Jan-Erik
    The value of time from subjective data on life satisfaction and job satisfaction: An empirical assessment2008Report (Other academic)
    Abstract [en]

    This paper compares estimates of the value of commuting time, working time and household working time from empirical models of subjective assessments of life satisfaction and job satisfaction, respectively, to the corresponding estimates obtained from an empirical search model of the labour market. The results indicate that all three variables produce rather high estimates of the value of commuting time. The results regarding the value of working time differ more between the different outcome variables and it is only significantly different from zero in the model of life satisfaction. Perhaps less surprisingly, the estimate of the value of household working time is also only significantly different from zero in the model of life satisfaction in contrast to the models of job satisfaction and job durations where it is insignificantly different from zero. This paper compares estimates of the value of commuting time, working time and household working time from empirical models of subjective assessments of life satisfaction and job satisfaction, respectively, to the corresponding estimates obtained from an empirical search model of the labour market. The results indicate that all three variables produce rather high estimates of the value of commuting time. The results regarding the value of working time differ more between the different outcome variables and it is only significantly different from zero in the model of life satisfaction. Perhaps less surprisingly, the estimate of the value of household working time is also only significantly different from zero in the model of life satisfaction in contrast to the models of job satisfaction and job durations where it is insignificantly different from zero.

  • 8.
    Isacsson, Gunnar
    et al.
    Dalarna University, School of Technology and Business Studies, Economics.
    Li, Chuan-Zhong
    Valuing air quality and urban accessibility: A regional welfare analysis2009Report (Other academic)
    Abstract [en]

    This paper is concerned with the implicit values of urban accessibility and air quality in Sweden. Based on the hedonic wage and rent theory, we construct an econometric model to compute such values, and illustrate their implications for regional sustainability analysis. It is shown that for most Swedish cities, welfare has increased from 1986 to 1998 due to improved air quality but the positive effect is partly offset by the deteriorated accessibility in some areas. The results also indicate that the values people place on urban accessibility and air quality vary considerably across regions.

  • 9.
    Isacsson, Gunnar
    et al.
    Dalarna University, School of Technology and Business Studies, Economics.
    Nilsson, Jan-Eric
    An Experimental Comparison of Allocation Mechanisms in the Railway Industry2003In: Journal of Transport Economics and Policy, ISSN 0022-5258, E-ISSN 1754-5951, Vol. 37, no 3, p. 353-381Article in journal (Refereed)
    Abstract [en]

    Capacity of railway tracks is a scarce commodity that by nature is more complex than many other commodities. The paper presents results from a series of economic testbed experiments on the performance of different auctioning mechanisms for allocating track capacity between competing users. relevantThe auction mechanism will not only decide a price, it also serves to define the commodities (the particular departure-arrival time slots) that are demanded and selects which of these that are sold. Four combinations of pricing and stopping rules are compared. Realised allocations are very efficient for all four and also generate approximately equal revenue. The research provides input to the process of re-regulating an industry undergoing profound institutional change.

  • 10.
    Isacsson, Gunnar
    et al.
    Dalarna University, School of Technology and Business Studies, Economics.
    Nilsson, Jan-Eric
    Pyddoke, Roger
    Andersson, Mats
    Hansen, Fredrik
    Lindberg, Gunnar
    Nerhagen, Lena
    Infrastrukturpolitik på samhällsekonomisk grund2009Report (Other academic)
  • 11.
    Isacsson, Gunnar
    et al.
    Dalarna University, School of Technology and Business Studies, Economics.
    Regnér, Håkan
    Changes during the 1990’s in the location of Swedish power couples: Consequences and explanations2007Report (Other academic)
  • 12.
    Isacsson, Gunnar
    et al.
    Dalarna University, School of Technology and Business Studies, Economics.
    Swärdh, Jan-Erik
    An empirical on-the-job search model with preferences for relative earnings: How high is the value of commuting time?2007Report (Other academic)
  • 13. Li, Chuan-Zhong
    et al.
    Isacsson, Gunnar
    Dalarna University, School of Technology and Business Studies, Economics.
    Valuing urban accessibility and air quality in Sweden: a regional welfare analysis2012In: Empirical Economics, ISSN 0377-7332, E-ISSN 1435-8921, Vol. 42, no 3, p. 881-898Article in journal (Refereed)
    Abstract [en]

    This article is concerned with the implicit values of urban accessibility and air quality in Sweden. Based on the hedonic wage and rent theory, we construct an econometric model to compute such values, and illustrate their implications for regional welfare analysis. It is shown that for most Swedish cities, welfare has increased from 1986 to 1998 due to improved air quality but the positive effect is partly offset by the deteriorated accessibility in some areas. The results also indicate that the values people place on urban accessibility and air quality vary considerably across regions.

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