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Wage Expectations: A Comparison of Swiss and US Students

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Author Info
Wolter, Stefan C

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Abstract

Wage expectations can play a significant role in a variety of economic areas. This study analyses the wage expectations of students who are on the verge of making a decision concerning their educational path or who have already reached such a decision. Since each student in our study has been asked to discuss expectations in relation to various educational scenarios, this data can be used to check certain human capital theory assumptions. It is possible, for example, to ascertain the wage effects which students expect from certain educational decisions. Moreover it is possible to assess the expected rates of return on education without asking the students directly. The results of this study make it clear that both in the USA and in Switzerland the wage expectations of students do not differ significantly from the current cross-sectional labor market data, despite considerable heterogeneity in some cases. Copyright 2000 by WWZ and Helbing & Lichtenhahn Verlag AG

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Publisher Info
Article provided by Blackwell Publishing in its journal Kyklos.

Volume (Year): 53 (2000)
Issue (Month): 1 ()
Pages: 51-69
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Handle: RePEc:bla:kyklos:v:53:y:2000:i:1:p:51-69

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

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  1. Wolter, Stefan C. & Zbinden, André, 2001. "Rates of Return to Education: The View of Students in Switzerland," IZA Discussion Papers 371, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Rainer Winkelmann, 2002. "Subjektive Daten in der empirischen Wirtschaftsforschung: Probleme und Perspektiven," Working Papers 0207, University of Zurich, Socioeconomic Institute, revised Jul 2002. [Downloadable!]
  3. Bas Jacobs & Joop Hartog & Wim Vijverberg, 2009. "Self-selection bias in estimated wage premiums for earnings risk," Empirical Economics, Springer, vol. 37(2), pages 271-286, October. [Downloadable!] (restricted)
  4. Júlia Varga, 2006. "The Role of Labour Market Expectations and Admission Probabilities in Students' Application Decisions on Higher Education: The Case of Hungary," Education Economics, Taylor and Francis Journals, vol. 14(3), pages 309-327, September. [Downloadable!] (restricted)
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  5. Jürg Schweri & Stefan C. Wolter & Joop Hartog, 2008. "Do Students Expect Compensation for Wage Risk?," Economics of Education Working Paper Series 0011, University of Zurich, Institute for Strategy and Business Economics (ISU). [Downloadable!]
    Other versions:
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