Student earnings expectations: Heterogeneity or noise?

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RECERCAT Home > Universitat Rovira i Virgili > Departament d'Economia > Documents de treball del Departament d'Economia > View document

Use this identifier to quote or link this document: http://hdl.handle.net/2072/267265

dc.contributor	Universitat Rovira i Virgili. Departament d'Economia
dc.contributor	Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
dc.contributor.author	Díaz Serrano, Lluís
dc.contributor.author	Hartog, Joop
dc.contributor.author	Nilsson, William
dc.contributor.author	Ophem, Hans van
dc.contributor.author	Yang, Po
dc.date.accessioned	2016-10-20T14:45:18Z
dc.date.available	2016-10-20T14:45:18Z
dc.date.created	2016
dc.date.issued	2016
dc.identifier.uri	http://hdl.handle.net/2072/267265
dc.format.extent	59 p.
dc.language.iso	eng
dc.publisher	Universitat Rovira i Virgili. Departament d'Economia
dc.relation.ispartofseries	Documents de treball del Departament d'Economia;2016-25
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.source	RECERCAT (Dipòsit de la Recerca de Catalunya)
dc.subject.other	Educació -- Models matemàtics
dc.subject.other	Orientació professional
dc.title	Student earnings expectations: Heterogeneity or noise?
dc.type	info:eu-repo/semantics/workingPaper
dc.subject.udc	331 - Treball. Relacions laborals. Ocupació. Organització del treball
dc.subject.udc	37 - Educació. Ensenyament. Formació. Temps lliure
dc.embargo.terms	cap
dc.description.abstract	Students’ choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use survey data on expectations in four universities in three countries and check for relations of expected probability to graduate and of expected earnings with personal abilities and attitudes. We find that most of the difference in expectations among individuals is just noise. Keywords: Student expectations; earnings; earnings dispersion; risk attitudes. JEL Codes: I21; I26; J24; D83

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