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Wage Expectations: A Comparison of Swiss and US Students

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  • Wolter, Stefan C

Abstract

Wage expectations can play a significant role in a variety of economic areas. This study analyses the wage expectations of students who are on the verge of making a decision concerning their educational path or who have already reached such a decision. Since each student in our study has been asked to discuss expectations in relation to various educational scenarios, this data can be used to check certain human capital theory assumptions. It is possible, for example, to ascertain the wage effects which students expect from certain educational decisions. Moreover it is possible to assess the expected rates of return on education without asking the students directly. The results of this study make it clear that both in the USA and in Switzerland the wage expectations of students do not differ significantly from the current cross-sectional labor market data, despite considerable heterogeneity in some cases. Copyright 2000 by WWZ and Helbing & Lichtenhahn Verlag AG

Suggested Citation

  • Wolter, Stefan C, 2000. "Wage Expectations: A Comparison of Swiss and US Students," Kyklos, Wiley Blackwell, vol. 53(1), pages 51-69.
  • Handle: RePEc:bla:kyklos:v:53:y:2000:i:1:p:51-69
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    References listed on IDEAS

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    1. Sebastian Edwards, 1990. "Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries," NBER Working Papers 3497, National Bureau of Economic Research, Inc.
    2. Robert E. Lipsey, 1999. "The Location and Characteristics of U.S. Affiliates in Asia," NBER Working Papers 6876, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Pfeifer, Gregor & Witte, Stefan, 2014. "Students' Wage Expectations in Germany - New Evidence considering Tax Adjusted Estimates," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100354, Verein für Socialpolitik / German Economic Association.
    2. Botelho, Anabela & Pinto, Ligia Costa, 2004. "Students' expectations of the economic returns to college education: results of a controlled experiment," Economics of Education Review, Elsevier, vol. 23(6), pages 645-653, December.
    3. Joop Hartog & Xiaohao Ding & Juan Liao, 2011. "Is Earnings Uncertainty Relevant for Educational Choice? An Empirical Analysis for China," Tinbergen Institute Discussion Papers 11-075/3, Tinbergen Institute.
    4. Asplund, Rita (ed.), . "Education and Earnings. Further Evidence from Europe," ETLA B, The Research Institute of the Finnish Economy, number 183, December.
    5. Schweri, Juerg & Hartog, Joop & Wolter, Stefan C., 2011. "Do students expect compensation for wage risk?," Economics of Education Review, Elsevier, vol. 30(2), pages 215-227, April.
    6. Rainer Winkelmann, 2002. "Subjektive Daten in der empirischen Wirtschaftsforschung: Probleme und Perspektiven," SOI - Working Papers 0207, Socioeconomic Institute - University of Zurich, revised Jul 2002.
    7. Adrian Chadi & Marco de Pinto & Gabriel Schultze, 2017. "Young, Gifted and Lazy? The Role of Ability and Labor Market Prospects in Student Effort Decisions," IAAEU Discussion Papers 201705, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    8. Varga, Júlia, 2001. "A kereseti várakozások hatása az érettségizők továbbtanulási döntésére
      [The effects of earning expectations on the decisions of school leavers about further study]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 615-639.
    9. Bas Jacobs & Joop Hartog & Wim Vijverberg, 2009. "Self-selection bias in estimated wage premiums for earnings risk," Empirical Economics, Springer, vol. 37(2), pages 271-286, October.
    10. repec:eee:jeborg:v:141:y:2017:i:c:p:135-150 is not listed on IDEAS
    11. Schweri, Juerg & Hartog, Joop, 2014. "Do wage expectations influence the decision to enroll in nursing college?," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100542, Verein für Socialpolitik / German Economic Association.
    12. Giovanni Abbiati & Gianluca Argentin & Carlo Barone & Antonio Schizzerotto, 2016. "Information matters, but it is not enough: a field experiment on the causal effect of information barriers for participation in Higher Education," FBK-IRVAPP Working Papers 2016-11, Research Institute for the Evaluation of Public Policies (IRVAPP), Bruno Kessler Foundation.
    13. Anchor, John R. & Fiserová, Jana & Mars[iota]ková, Katerina & Urbánek, Václav, 2011. "Student expectations of the financial returns to higher education in the Czech Republic and England: Evidence from business schools," Economics of Education Review, Elsevier, vol. 30(4), pages 673-681, August.
    14. Wolter, Stefan C. & Zbinden, André, 2001. "Rates of Return to Education: The View of Students in Switzerland," IZA Discussion Papers 371, Institute for the Study of Labor (IZA).
    15. Magali Jaoul-Grammare, 2007. "Stratégie des étudiants et choix d’orientation: Une analyse expérimentale de l’engorgement," Working Papers 07-06, Association Française de Cliométrie (AFC).
    16. 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.
    17. Claude Diebolt & Magali Jaoul-Grammare, 2016. "Cliométrie de l’enseignement supérieur : une analyse expérimentale de la théorie de l’engorgement," Working Papers 02-16, Association Française de Cliométrie (AFC).
    18. Keller, Tamás, 2016. "Ha a jegyek nem elég jók... Az önértékelés szerepe a felsőoktatásba való jelentkezésben
      [Self-assessment and its effects on applications for tertiary education]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 62-78.
    19. 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.
    20. Mazza, Jacopo & Hartog, Joop, 2011. "Do They Understand the Benefits from Education? Evidence on Dutch High School Students’ Earnings Expectations," IZA Discussion Papers 5714, Institute for the Study of Labor (IZA).
    21. Menon, Maria Eliophotou, 2008. "Perceived rates of return to higher education: Further evidence from Cyprus," Economics of Education Review, Elsevier, vol. 27(1), pages 39-47, February.
    22. Giovanni Abbiati & Carlo Barone, 2015. "Is university education worth the investment? The expectations of upper secondary school seniors and the role of family background," FBK-IRVAPP Working Papers 2015-13, Research Institute for the Evaluation of Public Policies (IRVAPP), Bruno Kessler Foundation.

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