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Students' assessment of higher education in Spain

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  • César Alonso-Borrego

    ()

  • Antonio Romero-Medina

    ()

Abstract

We explore evidence on the perceived economic value of higher education to college students in terms of their reported expected and shadow wages. Our estimates provide predictions for expected wages that are similar across gender and become closer to actual wages as students approach graduation. This is consistent with an improvement in the quality of student information used to forecast wages. Shadow wages relative to expected wages increase during the academic year for men and are constant for women, which is consistent with the higher reluctance of women to drop out of university. Finally, students with lower socioeconomic background and poor performance exhibit a higher propensity to drop out.

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Bibliographic Info

Paper provided by Universidad Carlos III, Departamento de Economía in its series Economics Working Papers with number we084823.

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Date of creation: Oct 2008
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Handle: RePEc:cte:werepe:we084823

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Keywords: university education; subjective valuation; wage expectations; shadow wages; ordered response;

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  1. Giorgio Brunello & Claudio Lucifora & Rudolf Winter-Ebmer, 2004. "The Wage Expectations of European Business and Economics Students," Journal of Human Resources, University of Wisconsin Press, vol. 39(4).
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Cited by:
  1. Claire Bonnard & Jean-François Giret & Marielle Lambert-Le Mener, 2013. "Les étudiants anticipent-ils correctement la valeur de leur diplôme sur le marché du travail ?," Post-Print halshs-00815912, HAL.

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