The wage expectations of European college students
Giorgio Brunello,
Claudio Lucifora () and
Rudolf Winter-Ebmer
No 2001-08, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria
Abstract:
Expected earnings and expected returns to education are seen by labor economists as a major determinant of educational attainment. In spite of this, the empirical knowledge about expectations and their formation is scarce. In this paper we report the results of the first systematic study of the wage expectations of European college students. Our data are based on the replies to the same questionnaire by more than 6000 college students all over Europe. We study the determinants of wage expectations and expected employment probabilities, the variability of these expectations within a field of study and their variation across universities and fields. We also examine the trade-off between expected starting wages and wage growth. In the final section of the paper, we contrast expected returns to education with actual returns estimated from country-specific micro-data. In line with U.S. studies we find that students overestimate returns to education.
Keywords: returns to education; expectations formation; information processing. (search for similar items in EconPapers)
JEL-codes: J30 (search for similar items in EconPapers)
Date: 2001-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)
Downloads: (external link)
http://www.econ.jku.at/papers/2001/wp0108.pdf (application/pdf)
Related works:
Working Paper: The Wage Expectations of European College Students (2001) 
Working Paper: The Wage Expectations of European College Students (2001) 
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:jku:econwp:2001_08
Access Statistics for this paper
More papers in Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria Contact information at EDIRC.
Bibliographic data for series maintained by René Böheim ().