|
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/10419/30601
|
| | |
| Title: | | The consumption value of higher education  |
| Authors: | | Alstadsæter, Annette Sievertsen, Hans Henrik |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2871 |
| Abstract: | | The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for the willingness to pay for the consumption value of a particular type of higher education. Even when controlling for ability selection, we find on US data that Liberal Arts graduates were willing to forego 46 pct. of their potential income in order to enjoy the consumption value of this educational type. |
| Subjects: | | educational choice type of education non-pecuniary return willingness to pay consumption value of education |
| JEL: | | J24 J31 J33 I21 H89 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/30601
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|