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Perceived rates of return to higher education: Further evidence from Cyprus

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  • Menon, Maria Eliophotou

Abstract

The paper provides new estimates of the perceived rates of return to higher education in Cyprus and compares them to previous estimates for the year 1994 in the same country. Both the elaborate and the short-cut methods are used in the estimation of rates of return. The estimated rates are entered as independent variables in logistic regression analysis in order to study the effect of economic considerations on the decision of secondary school students to pursue higher education. The findings show an increase in the perceived rate of return for both higher education and labour market entrants. In agreement with human capital theory, the mean rate of return to higher education expected by higher education candidates is considerably higher than that expected by labour market entrants. In two logistic regression models, the perceived rate of return to higher education, as estimated by both the elaborate and the short-cut methods, has a significant effect on the students' intention to pursue higher studies.

Suggested Citation

  • 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.
  • Handle: RePEc:eee:ecoedu:v:27:y:2008:i:1:p:39-47
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    References listed on IDEAS

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    10. Wolter, Stefan C, 2000. "Wage Expectations: A Comparison of Swiss and US Students," Kyklos, Wiley Blackwell, vol. 53(1), pages 51-69.
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    12. Menon, Maria Eliophotou, 1997. "Perceived rates of return to higher education in Cyprus," Economics of Education Review, Elsevier, vol. 16(4), pages 425-430, October.
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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. Andreou, Sofia N. & Koutsampelas, Christos, 2015. "Intergenerational mobility and equality of opportunity in higher education in Cyprus," International Journal of Educational Development, Elsevier, vol. 41(C), pages 80-87.
    3. repec:eee:jeborg:v:141:y:2017:i:c:p:135-150 is not listed on IDEAS
    4. 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.
    5. 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.
    6. repec:erc:cypepr:v:11:y:2017:i:1:p:15-40 is not listed on IDEAS

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