This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Measuring the consumption value of higher education Author info | Abstract | Publisher info | Download info | Related research | Statistics Annette Alstadsæter
Additional information is available for the following
registered author(s):
The consumption value of education is an important, but rather ignored factor behind the individual's educational choice. This paper suggests a method for measuring the consumption value of education in a compensating differentials framework when the ability bias is corrected for. As an example, the willingness to pay for the consumption value of attending teacher's college during the 1960's is estimated on unique Norwegian panel data. The ex-ante price of the consumption value of teacher's college is estimated to be 38 % of the present value of the individual's potential lifetime income. The ex-post price of this consumption value is for the same individuals estimated to be about 46 % of the present value of the potential lifetime income
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Econometric Society in its series Econometric Society 2004 Australasian Meetings with number
40.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length:
Date of creation: 11 Aug 2004Date of revision:
Handle: RePEc:ecm:ausm04:40Contact details of provider: Phone: 1 212 998 3820 Fax: 1 212 995 4487 Email: Web page: http://www.econometricsociety.org/pastmeetings.asp More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Consumption value of education ; compensating wage differentials ; willingness to pay. ; Other versions of this item:
Find related papers by JEL classification: J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Willis, Robert J & Rosen, Sherwin, 1979.
"Education and Self-Selection ,"
Journal of Political Economy ,
University of Chicago Press, vol. 87(5), pages S7-36, October.
[Downloadable!] (restricted)
Other versions: Lazear, Edward P, 1977.
"Education: Consumption or Production? ,"
Journal of Political Economy ,
University of Chicago Press, vol. 85(3), pages 569-97, June.
[Downloadable!] (restricted)
Roland Benabou & Jean Tirole, 2003.
"Intrinsic and Extrinsic Motivation ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 70(3), pages 489-520, 07.
[Downloadable!] (restricted)
Alstadsí¦ter, Annette & Kolm, Ann-Sofie & Larsen, Birthe, 2008.
"Money or joy: The choice of educational type ,"
European Journal of Political Economy ,
Elsevier, vol. 24(1), pages 107-122, March.
[Downloadable!] (restricted)
Hessel Oosterbeek & Hans van Ophem, 2000.
"Schooling choices: Preferences, discount rates, and rates of return ,"
Empirical Economics ,
Springer, vol. 25(1), pages 15-34.
[Downloadable!] (restricted)
Fredriksson, Peter, 1997.
" Economic Incentives and the Demand for Higher Education ,"
Scandinavian Journal of Economics ,
Blackwell Publishing, vol. 99(1), pages 129-42, March.
[Downloadable!] (restricted)
Lans Bovenberg, A. & Jacobs, Bas, 2005.
"Redistribution and education subsidies are Siamese twins ,"
Journal of Public Economics ,
Elsevier, vol. 89(11-12), pages 2005-2035, December.
[Downloadable!] (restricted)
Other versions:
Bovenberg, A Lans & Jacobs, Bas, 2001.
"Redistribution and Education Subsidies are Siamese Twins ,"
CEPR Discussion Papers
3099, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Bovenberg, A.L. & Jacobs, B., 2001.
"Redistribution and education subsidies are siamese twins ,"
Discussion Paper
82, Tilburg University, Center for Economic Research.
[Downloadable!] Burton A. Weisbrod, 1962.
"Education and Investment in Human Capital ,"
Journal of Political Economy ,
University of Chicago Press, vol. 70, pages 106.
[Downloadable!] (restricted)
Orley Ashenfelter & Cecilia Rouse, 1998.
"Income, Schooling, And Ability: Evidence From A New Sample Of Identical Twins ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 113(1), pages 253-284, February.
[Downloadable!] (restricted)
Other versions: Dur, Robert & Glazer, Amihai, 2008.
"Subsidizing Enjoyable Education ,"
Labour Economics ,
Elsevier, vol. 15(5), pages 1023-1039, October.
[Downloadable!] (restricted)
Other versions: Loury, Linda Datcher & Garman, David, 1995.
"College Selectivity and Earnings ,"
Journal of Labor Economics ,
University of Chicago Press, vol. 13(2), pages 289-308, April.
[Downloadable!] (restricted)
Kodde, David A & Ritzen, Jozef M M, 1984.
"Integrating Consumption and Investment Motives in a Neoclassical Model of Demand for Education ,"
Kyklos ,
Blackwell Publishing, vol. 37(4), pages 598-608.
Bowles, Samuel, 1972.
"Schooling and Inequality from Generation to Generation ,"
Journal of Political Economy ,
University of Chicago Press, vol. 80(3), pages S219-S51, Part II, .
[Downloadable!] (restricted)
Dolton, P J & Makepeace, G H & Van Der Klaauw, W, 1989.
"Occupational Choice and Earnings Determination: The Role of Sample Selection and Non-pecuniary Factors ,"
Oxford Economic Papers ,
Oxford University Press, vol. 41(3), pages 573-94, July.
[Downloadable!] (restricted)
Arcidiacono, Peter, 2004.
"Ability sorting and the returns to college major ,"
Journal of Econometrics ,
Elsevier, vol. 121(1-2), pages 343-375.
[Downloadable!] (restricted)
Other versions: Christiansen, Charlotte & Joensen, Juanna Schroter & Nielsen, Helena Skyt, 2007.
"The risk-return trade-off in human capital investment ,"
Labour Economics ,
Elsevier, vol. 14(6), pages 971-986, December.
[Downloadable!] (restricted)
Other versions:
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
David G. Mayes, 2009.
"Banking Crisis Resolution Policy - Lessons from Recent Experience - which elements are needed for robust and efficient crisis resolution? ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Emilia Simeonova, 2009.
"Out of Sight, Out of Mind? The Impact of Natural Disasters on Pregnancy Outcomes ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Panu Poutvaara & Andreas Wagener, 2009.
"The Political Economy of Conscription ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Other versions: Klaus Wälde, 2009.
"Production Technologies in Stochastic Continuous Time Models ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Philip Oreopoulos & Kjell G. Salvanes, 2009.
"How large are returns to schooling? Hint: Money isn't everything ,"
NBER Working Papers
15339, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Robert A. J. Dur & Amihai Glazer, 2005.
"Subsidizing Enjoyable Education ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Other versions:
Robert Dur & Amihai Glazer, 2005.
"Subsidizing Enjoyable Education ,"
Tinbergen Institute Discussion Papers
05-010/1, Tinbergen Institute, revised 29 Aug 2007.
[Downloadable!] Dur, Robert & Glazer, Amihai, 2008.
"Subsidizing Enjoyable Education ,"
Labour Economics ,
Elsevier, vol. 15(5), pages 1023-1039, October.
[Downloadable!] (restricted) Hartmut Egger & Udo Kreickemeier, 2009.
"Worker-Specific Effects of Globalisation ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Other versions: Steinar Holden & Asa Rosen, 2009.
"Discrimination and Employment Protection ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Peter Friedrich & Chang Woon Nam & Janno Reiljan, 2009.
"Local Fiscal Equalization in Estonia: Is a Reform Necessary? ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Dan Kovenock J. & Brian Roberson, 2009.
"Non-Partisan 'Get-Out-the-Vote' Efforts and Policy Outcomes ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Bas Jacobs & Dirk Schindler, 2009.
"On the Desirability of Taxing Capital Income to Reduce Moral Hazard in Social Insurance ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Michael Stimmelmayr, 2009.
"Wage Inequality in Germany: Disentangling Demand and Supply Effects ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Hans Gersbach & Noemi Hummel, 2009.
"Climate Policy and Development ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Paul De Grauwe & Daniel Gros, 2009.
"A New Two-Pillar Strategy for the ECB ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Biswa N. Bhattacharyay & Dennis Dlugosch & Benedikt Kolb & Kajal Lahiri & Irshat Mukhametov & Gernot Nerb, 2009.
"Early Warning System for Economic and Financial Risks in Kazakhstan ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Devis Geron, 2009.
"Social Security Incidence under Uncertainty Assessing Italian Reforms ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Access and
download statistics Did you know? RePEc also has a blog .
This page was last updated on 2009-12-2.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .