EconPapers    
Economics at your fingertips  
 

Determinants of Expected Return on Higher Education in Moscow

Ilya Prakhov
Additional contact information
Ilya Prakhov: http://www.hse.ru/en/staff/prakhov

Educational Studies, 2017, issue 1, 25-57

Abstract: Ilya Prakhov - Candidate of Sciences in Economics, Associate Professor, Research Fellow, International Research Laboratory for Institutional Analysis of Economic Reforms, Center for Institutional Studies, National Research University Higher School of Economics. Address: 20 Myasnitskaya St., 101000 Moscow, Russian Federation. E-mail: iprahov@hse.ruBased on the data of cohort longitudinal study Educational and Career Trajectories, factors affecting absolute and relative expected returns on education (ROE) are investigated.Surveys of Moscow students show that academic performance assessed by Unified State Exam (USE) scores is an important predictor of students" salary expectations. Besides, expected ROE also correlates positively with college selectivity. Students in private colleges expect to be paid lower than those in state universities. Social and cultural capital of the family (parental education, number of books at home) may influence salary expectations indirectly, through academic performance. Students from wealthier families expect to have a higher ROE than their disadvantaged peers, and so do boys as compared to girls. Students working part-time expect to be paid higher than non-working students after graduation but anticipate a lower return on investment in relative terms.

Keywords: higher education; selective universities; private colleges; state universities; student expectations; expected return on education; salary expectations; social capital; cultural capital (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://vo.hse.ru/data/2017/05/19/1172224297/Prakhov%20EN.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:voprob:2017:i:1:p:25-57

Access Statistics for this article

More articles in Educational Studies from Higher School of Economics
Bibliographic data for series maintained by Ekaterina Bagdasarova ().

 
Page updated 2020-02-19
Handle: RePEc:nos:voprob:2017:i:1:p:25-57