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Are Student Exchange Programs Worth It?

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Author Info
Dolores Messer (University of Bern)
Stefan C. Wolter () (Swiss Coordination Center for Research in Education, University of Bern, CESifo and IZA Bonn)

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Abstract

The number of university students participating in exchange programs has risen sharply over the last decade, but a survey of Swiss university graduates (class of 1999 and 2001) shows that participation in student exchange programs significantly prolongs the period of time spent studying at university. Given this fact, the advantages of exchange programs for students need to be identified. Analyses show that student exchange programs are associated with higher starting salaries and an increased likelihood of opting for postgraduate study - but only if all exchange semesters are factored in, not just those accredited by the university of matriculation. Using instrumental variable estimations (IV), however, shows that the cited outcomes are not causally related to participation in exchange programs. Therefore the big question is: Where’s the benefit that justifies having to study for almost a whole year longer?

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File URL: ftp://repec.iza.org/RePEc/Discussionpaper/dp1656.pdf
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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1656.

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Length: 21 pages
Date of creation: Jul 2005
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Handle: RePEc:iza:izadps:dp1656

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Related research
Keywords: exchange semester; ERASMUS; graduate survey; instrumental variables; Switzerland;

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Find related papers by JEL classification:
I23 - Health, Education, and Welfare - - Education - - - Higher Education Research Institutions
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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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.:
  1. Joshua Angrist & Alan Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Working Papers 834, Princeton University, Department of Economics, Industrial Relations Section.. [Downloadable!]
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  2. repec:fth:prinin:455 is not listed on IDEAS
  3. Groot, Wim & Maassen van den Brink, Henriette, 2000. "Overeducation in the labor market: a meta-analysis," Economics of Education Review, Elsevier, vol. 19(2), pages 149-158, April. [Downloadable!] (restricted)
  4. Jere R. Behrman & Mark R. Rosenzweig, 2002. "Does Increasing Women's Schooling Raise the Schooling of the Next Generation?," American Economic Review, American Economic Association, vol. 92(1), pages 323-334, March. [Downloadable!]
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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.)

  1. Dolores Messer & Stefan C. Wolter, 2007. "Time-to-Degree and the Business Cycle," IZA Discussion Papers 2787, Institute for the Study of Labor (IZA). [Downloadable!]
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