The Role of Labour Market Expectations and Admission Probabilities in Students' Application Decisions on Higher Education: the case of Hungary
AbstractThis paper analyses the effects of labour market expectations and admission probabilities on students' application strategies to higher education. The starting hypothesis of this study is that students consider the expected utility of their choices, a function of expected net lifetime earnings and the probability of admission. Based on a survey carried out among Hungarian secondary school students, three aspects of application decisions are investigated: the number of applications; the institutions/ field specialisation ranked first and last in students' choices; and the selection between state-funded and cost-priced education. The results of this paper confirm that both expected wages and admission probabilities determine students' application strategies and that the seemingly irrational student preferences for institutions/orientations with less favourable labour market opportunities might be the result of a rational decision process.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. 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.
Bibliographic InfoPaper provided by Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences in its series Budapest Working Papers on the Labour Market with number 0308.
Length: 33 pages
Date of creation: Dec 2003
Date of revision:
Education; Human Capital; Skills; Occupational Choice; Labor Productivity;
Other versions of this item:
- Julia 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 & Francis Journals, vol. 14(3), pages 309-327.
- I20 - Health, Education, and Welfare - - Education - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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.:
- Giorgio Brunello & Claudio Lucifora & Rudolf Winter-Ebmer, 2001.
"The wage expectations of European college students,"
Economics working papers
2001-08, Department of Economics, Johannes Kepler University Linz, Austria.
- Brunello, Giorgio & Lucifora, Claudio & Winter-Ebmer, Rudolf, 2001. "The Wage Expectations of European College Students," IZA Discussion Papers 299, Institute for the Study of Labor (IZA).
- Brunello, Giorgio & Lucifora, Claudio & Winter-Ebmer, Rudolf, 2001. "The Wage Expectations of European College Students," CEPR Discussion Papers 2817, C.E.P.R. Discussion Papers.
- Arnaud Chevalier & Gavan Conlon, 2003.
"Does it pay to attend a prestigious university?,"
200320, School Of Economics, University College Dublin.
- Chevalier, Arnaud & Conlon, Gavan, 2003. "Does It Pay to Attend a Prestigious University?," IZA Discussion Papers 848, Institute for the Study of Labor (IZA).
- Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," CEE Discussion Papers 0033, Centre for the Economics of Education, LSE.
- Montmarquette, Claude & Cannings, Kathy & Mahseredjian, Sophie, 2002.
"How do young people choose college majors?,"
Economics of Education Review,
Elsevier, vol. 21(6), pages 543-556, December.
- Kathy Cannings & Sophie Mahseredjian & Claude Montmarquette, 1997. "How Do Young People Choose College Majors ?," CIRANO Working Papers 97s-38, CIRANO.
- Montmarquette, C. & Cannings, C. & Mahseredjian,S., 1997. "How do Young People Choose College Majors?," Cahiers de recherche 9719, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- MONTMARQUETTE, Claude & CANNINGS, Kathy & MAHSEREDJIAN, Sophie, 1997. "How do Young People Choose College Majors?," Cahiers de recherche 9719, Universite de Montreal, Departement de sciences economiques.
- Jeff Dominitz & Charles F. Manski, 1994.
"Eliciting Student Expectations of the Returns to Schooling,"
NBER Working Papers
4936, National Bureau of Economic Research, Inc.
- Jeff Dominitz & Charles F. Manski, 1996. "Eliciting Student Expectations of the Returns to Schooling," Journal of Human Resources, University of Wisconsin Press, vol. 31(1), pages 1-26.
- Jeff Dominitz & Charles F. Manski, 1994. "Eliciting Student Expectations Of The Returns To Schooling," Econometrics 9411002, EconWPA.
- J. Dominitz & C. F. Manski, . "Eliciting student expectations of the returns to schooling," Institute for Research on Poverty Discussion Papers 1049-94, University of Wisconsin Institute for Research on Poverty.
- Julian R. Betts, 1996. "What Do Students Know about Wages? Evidence from a Survey of Undergraduates," Journal of Human Resources, University of Wisconsin Press, vol. 31(1), pages 27-56.
- Júlia Varga, 2002.
"Earnings Expectations and Higher-education Enrolment Decisions in Hungary,"
Society and Economy,
Akadémiai Kiadó, Hungary, vol. 24(1), pages 121-152, July.
- Julia Varga, 2001. "Earnings Expectations and Higher Education Enrolment Decisions in Hungary," Budapest Working Papers on the Labour Market 0110, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Wolter, Stefan C, 2000. "Wage Expectations: A Comparison of Swiss and US Students," Kyklos, Wiley Blackwell, vol. 53(1), pages 51-69.
- Rochat, Denis & Demeulemeester, Jean-Luc, 2001.
"Rational choice under unequal constraints: the example of Belgian higher education,"
Economics of Education Review,
Elsevier, vol. 20(1), pages 15-26, February.
- Jean Luc De Meulemeester & Denis Rochat, 2001. "Rational choice under unequal constraints: the example of Belgian higher education," ULB Institutional Repository 2013/1565, ULB -- Universite Libre de Bruxelles.
- Mark C. Berger, 1988. "Predicted future earnings and choice of college major," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 41(3), pages 418-429, April.
- Mihails Hazans & Ija Trapeznikova, 2006. "Access to Secondary Education in Albania: Incentives, Obstacles, and Policy Spillovers," SSE Riga/BICEPS Research Papers 2006-1, Baltic International Centre for Economic Policy Studies (BICEPS) and Stockholm School of Economics in Riga (SSE Riga).
- Riphahn, Regina T. & Trübswetter, Parvati, 2011. "The intergenerational transmission of educational attainment in East and West Germany," IAB Discussion Paper 201104, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Török, Ádám, 2008.
"A mezőny és tükörképei. Megjegyzések a magyar felsőoktatási rangsorok hasznáról és korlátairól
[The field and reflections of it. Comments on the usefulness and limitations of league ta," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 874-890.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adrienn Foldi).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.