Student earnings expectations: Heterogeneity or noise?

Lluís Díaz Serrano, Joop Hartog, William Nilsson, Hans van Ophem and Po Yang

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: 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

Keywords: Educació -- Models matemàtics; Orientació professional; 331 - Treball. Relacions laborals. Ocupació. Organització del treball; 37 - Educació. Ensenyament. Formació. Temps lliure (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-edu and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/2072/267265

Related works:
Working Paper: Student Earnings Expectations: Heterogeneity or Noise? (2016)
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:urv:wpaper:2072/267265

Access Statistics for this paper

More papers in Working Papers from Universitat Rovira i Virgili, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ariadna Casals ().