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Patterns of students' earning orientations and expectations

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  • Zsuzsanna Veroszta

    (Educatio Public Services Non-profit LLC)

Abstract

The paper investigates students? earning expectations in the context of different motivations towards graduation. Although income benefits of attaining a degree is a thoroughly investigated topic as well as the realization of student wage expectations (see for example, Dominitz and Manski (1996); Betts (1996); (Brunello et al. (2004); Wolter (2001) etc.) there is less emphasis on the earning expectations as a component of learning motivations. Therefore, the main purpose of the study is to define the role of income benefit between the different student expectations.The paper applies explanatory models in order to respond three research questions. Firstly, we examine the position of students? wage orientation among other degree-related values (ie. income-oriented/not income oriented students) and explore its determinants. Secondly, the study analyze the background effects of students? earning expectations. However, unlike the approach of previous research the purpose of this analysis is not to explain the amount of expected income, but also to reveal the causes of differences between the evaluation of individual and average expected earnings (ie. subjective over-/underestimation). Thirdly, by creating a typology on the basis of wage orientations and subjective income-estimations the purpose of the paper is to explore the role of income presumption in students expectations. The research is based on data from the Hungarian Student Survey, fielded in 2012. The institution based online student survey, carried out within the framework of Hungarian Career Tracking System, covers the full range of Hungarian students and contains the data of up to 40,000 person.

Suggested Citation

  • Zsuzsanna Veroszta, 2014. "Patterns of students' earning orientations and expectations," Proceedings of International Academic Conferences 0201473, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:0201473
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    References listed on IDEAS

    as
    1. 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.
    2. Brunello, Giorgio & Lucifora, Claudio & Winter-Ebmer, Rudolf, 2001. "The Wage Expectations of European College Students," IZA Discussion Papers 299, Institute of Labor Economics (IZA).
    3. Caroline M. Hoxby, 2004. "College Choices: The Economics of Where to Go, When to Go, and How to Pay For It," NBER Books, National Bureau of Economic Research, Inc, number hoxb04-1.
    4. Christopher Avery & Thomas J. Kane, 2004. "Student Perceptions of College Opportunities. The Boston COACH Program," NBER Chapters, in: College Choices: The Economics of Where to Go, When to Go, and How to Pay For It, pages 355-394, National Bureau of Economic Research, Inc.
    5. Caroline Minter Hoxby, 2004. "Introduction to "College Choices: The Economics of Where to Go, When to Go, and How to Pay For It"," NBER Chapters, in: College Choices: The Economics of Where to Go, When to Go, and How to Pay For It, pages 1-12, National Bureau of Economic Research, Inc.
    6. Carvajal, Manuel J. & Bendana, David & Bozorgmanesh, Alireza & Castillo, Miguel A. & Pourmasiha, Katayoun & Rao, Priya & Torres, Juan A., 2000. "Inter-gender differentials between college students' earnings expectations and the experience of recent graduates," Economics of Education Review, Elsevier, vol. 19(3), pages 229-243, June.
    7. Basit Zafar, 2013. "College Major Choice and the Gender Gap," Journal of Human Resources, University of Wisconsin Press, vol. 48(3), pages 545-595.
    8. Arrow, Kenneth J., 1973. "Higher education as a filter," Journal of Public Economics, Elsevier, vol. 2(3), pages 193-216, July.
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    More about this item

    Keywords

    Students; earning expectation; motivation; higher education; degree;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I29 - Health, Education, and Welfare - - Education - - - Other

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