Students' assessment of higher education in Spain

César Alonso-Borrego () and Antonio Romero-Medina ()

Economics Working Papers from Universidad Carlos III, Departamento de Economía

Abstract: We explore evidence on the perceived economic value of higher education to college students in terms of their reported expected and shadow wages. Our estimates provide predictions for expected wages that are similar across gender and become closer to actual wages as students approach graduation. This is consistent with an improvement in the quality of student information used to forecast wages. Shadow wages relative to expected wages increase during the academic year for men and are constant for women, which is consistent with the higher reluctance of women to drop out of university. Finally, students with lower socioeconomic background and poor performance exhibit a higher propensity to drop out.

Keywords: university education; subjective valuation; wage expectations; shadow wages; ordered response (search for similar items in EconPapers)
JEL-codes: I23 J24 J31 C24 C25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-hrm, nep-lab and nep-sog
Date: 2008-10
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Related works:
Working Paper: Students’ Assessment of Higher Education in Spain (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:cte:werepe:we084823

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