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Wage expectations for higher education students in Spain

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  • Cesar Alonso-Borrego

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  • Antonio Romero-Medina

Abstract

We use data on expected wages self-reported by college students to assess the hypothesis that the positive gap between expected and actual wages would decrease as students approach graduation. Our estimation results confirm this hypothesis. The amount and the quality of student information, used to forecast wages, improves with student experience. We find that expected wages for first-year students are affected not only by the degree type and academic performance, but also by the variables determining their degree preferences and their household environment. In the case of junior students, the degree type and length affects expected wages, though neither pre-university performance nor household environment influence their wage forecasts.

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Bibliographic Info

Paper provided by Universidad Carlos III, Departamento de Economía in its series Economics Working Papers with number we1016.

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Date of creation: Jul 2010
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Handle: RePEc:cte:werepe:we1016

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Keywords: Wage differentials; College choice; Ordered response;

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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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