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Title:
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Student earnings expectations: Heterogeneity or noise?
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Author:
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Díaz Serrano, Lluís; Hartog, Joop; Nilsson, William; Ophem, Hans van; Yang, Po
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
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Abstract:
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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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Publication date:
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2016 |
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Subject (UDC):
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331 - Treball. Relacions laborals. Ocupació. Organització del treball
37 - Educació. Ensenyament. Formació. Temps lliure |
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Subject(s):
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Educació -- Models matemàtics
Orientació professional |
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Rights:
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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/ |
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Pages:
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59 p. |
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Document type:
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Working Paper |
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Published by:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2016-25
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