This chapter reviews the economic literature on subjective expectations in the domain of education with a focus on high income countries. It begins with highlighting the motivations that prompted systematic survey elicitation and statistical analysis of youth's expectations of the returns to schooling and with tracing key milestones in the development of this research program. It then proceeds to reviewing the relevant body of research by organizing the discussion around four topics: (i) the analysis of the perceived monetary returns, risks, and costs of schooling; (ii) the analysis of the perceived nonmonetary returns, risks, and costs of schooling; (iii) the analysis of schooling decisions; (iv) the analysis of expectation formation and learning. Possible avenues for future research are discussed in the conclusion.

Expectations in education

Giustinelli, Pamela
2022

Abstract

This chapter reviews the economic literature on subjective expectations in the domain of education with a focus on high income countries. It begins with highlighting the motivations that prompted systematic survey elicitation and statistical analysis of youth's expectations of the returns to schooling and with tracing key milestones in the development of this research program. It then proceeds to reviewing the relevant body of research by organizing the discussion around four topics: (i) the analysis of the perceived monetary returns, risks, and costs of schooling; (ii) the analysis of the perceived nonmonetary returns, risks, and costs of schooling; (iii) the analysis of schooling decisions; (iv) the analysis of expectation formation and learning. Possible avenues for future research are discussed in the conclusion.
9780128229279
Bachmann, Ruediger; Topa, Giorgio; van der Klaauw, Wilbert
Handbook of economic expectations
Giustinelli, Pamela
File in questo prodotto:
File Dimensione Formato  
HandbookChapter_EducExps_Draft3_Chapter.pdf

non disponibili

Descrizione: Versione finale del manoscritto (pre-print)
Tipologia: Documento in Pre-print (Pre-print document)
Licenza: NON PUBBLICO - Accesso privato/ristretto
Dimensione 403.38 kB
Formato Adobe PDF
403.38 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4051505
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact