EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/30499
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorAlstadsæter, Annetteen_US
dc.date.accessioned2009-10-21en_US
dc.date.accessioned2010-05-14T08:20:19Z-
dc.date.available2010-05-14T08:20:19Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30499-
dc.description.abstractThis paper argues that the consumption value of education is an important motivation for the educational choice. While controlling for ability, we document that individuals are willing to forego substantial future wage returns in order to acquire a particular type of higher education. We document that the individuals who attended Teachers' College in Norway during the 1960's had an ex ante willingness to pay for the consumption value of this educational type of at least 34% of the present value of expected potential lifetime income. The ex post price for this consumption value turned out to be 39% of their potential lifetime income.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2799en_US
dc.subject.jelJ24en_US
dc.subject.jelJ31en_US
dc.subject.jelJ33en_US
dc.subject.jelI21en_US
dc.subject.jelH89en_US
dc.subject.ddc330en_US
dc.subject.keywordeducational choiceen_US
dc.subject.keywordtype of educationen_US
dc.subject.keywordnon-pecuniary returnen_US
dc.subject.keywordwillingness to payen_US
dc.subject.keywordconsumption value of educationen_US
dc.subject.stwStudiumen_US
dc.subject.stwBildungsverhaltenen_US
dc.subject.stwNutzenen_US
dc.subject.stwWillingness to payen_US
dc.subject.stwNorwegenen_US
dc.titleMeasuring the consumption value of higher educationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn610760521en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
610760521.pdf358.19 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.