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Assessing the returns to studying abroad

Author

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  • Hessel Oosterbeek
  • Dinand Webbink

Abstract

The market for higher education increasingly becomes an international market. Nowadays, the number of students studying abroad is substantial and increasing. The market for higher education increasingly becomes an international market. Nowadays, the number of students studying abroad is substantial and increasing. Many governments stimulate students to study abroad by offering a wide range of grants. However, little is known on the returns to studying abroad. This paper explores the feasibility of a new approach for finding credible evidence on the returns to studying abroad. We use a sample of graduates who applied for a specific grant for studying abroad and compare the outcomes of graduates who received the grant with the outcomes of graduates who did not receive the grant. The ranking of the applicants by the selection committee has been used to create credible control groups. We find that the grant has increased the probability of studying abroad with 23 to 42%-points and the duration of the study with 7 to 9 months. An extension of the study with 7 to 9 months increases the probability of living abroad with 30 to 39%-points. Studying abroad is associated with higher wages. However, it is not clear whether these higher wages are caused by studying abroad.

Suggested Citation

  • Hessel Oosterbeek & Dinand Webbink, 2006. "Assessing the returns to studying abroad," CPB Discussion Paper 64, CPB Netherlands Bureau for Economic Policy Analysis.
    • Handle: RePEc:cpb:discus:64
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    Citations

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    Cited by:

    1. Gega Todua, 2017. "Financing Education Abroad: A Developing Country Perspective," CERGE-EI Working Papers wp608, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    2. Gabrielle Demange, 2008. "The Provision of Higher Education in a Global World—Analysis and Policy Implications," CESifo Economic Studies, CESifo Group, vol. 54(2), pages 248-276, June.
    3. Frederick Ploeg & Reinhilde Veugelers, 2008. "Higher Education Reform and the Renewed Lisbon Strategy: Role of Member States and the European Commission," Springer Books, in: George Gelauff & Isabel Grilo & Arjan Lejour (ed.), Subsidiarity and Economic Reform in Europe, chapter 5, pages 65-96, Springer.
    4. Jan Bergerhoff & Lex Borghans & Philipp Seegers & Tom Veen, 2013. "International education and economic growth," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-13, December.
    5. Laura Thissen & Sjef Ederveen, 2006. "Higher education; time for coordination on a European level?," CPB Discussion Paper 68.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Akira Shimada, 2023. "Can a host country increase human capital by accepting study migrants?," International Economics and Economic Policy, Springer, vol. 20(4), pages 635-650, October.
    7. Akira Shimada, 2022. "On Compatibility Of Study Migrants’ Acceptance Policies And Immigration Policies," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 16(1), pages 16-29.
    8. Dustmann, Christian & Glitz, Albrecht, 2011. "Migration and Education," Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 4, chapter 0, pages 327-439, Elsevier.
    9. Di Pietro Giorgio & European Commission & IZA, 2022. "Studying abroad and earnings: A meta‐analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 36(4), pages 1096-1129, September.
    10. De Benedetto, Marco Alberto & De Paola, Maria & Scoppa, Vincenzo & Smirnova, Janna, 2023. "Erasmus Program and Labor Market Outcomes: Evidence from a Fuzzy Regression Discontinuity Design," IZA Discussion Papers 16181, Institute of Labor Economics (IZA).
    11. Laura Thissen & Sjef Ederveen, 2006. "Higher education; time for coordination on a European level?," CPB Discussion Paper 68, CPB Netherlands Bureau for Economic Policy Analysis.
    12. Waibel, Stine & Rüger, Heiko & Ette, Andreas, 2020. "Who benefits? Heterogeneous effects of international student mobility on occupational attainment," WiSo-HH Working Paper Series 61, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    13. Donald Lien & Yaqin Wang, 2010. "Optimal design for study-abroad scholarship: the effect of payback policy," Education Economics, Taylor & Francis Journals, vol. 18(2), pages 191-205.

    More about this item

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • 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

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