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Do They Understand the Benefits from Education? Evidence on Dutch High School Students’ Earnings Expectations

Jacopo Mazza () and Joop Hartog

No 5714, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Using an internet collected dataset, we will provide some empirical evidence on the information that Dutch high school students possess before their decision on tertiary education participation. The sample is prone to selective participation and high attrition, but we detect little systematic effects and inconsistent reporting of probability distribution is not more frequent than in controlled settings. We find little support for patterns that one would expect from individuals having private information. Girls expect substantially lower earnings in all schooling scenarios, but implicit rate of returns do not differ from those anticipated by boys. We find no evidence of expected risk compensation.

Keywords: wage expectations; wage risk; risk compensation (search for similar items in EconPapers)
JEL-codes: J24 J31 I20 (search for similar items in EconPapers)
Pages: 61 pages
Date: 2011-05
New Economics Papers: this item is included in nep-edu, nep-eur and nep-lab
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