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dc.contributor.authorAlstadsæter, Annetteen_US
dc.contributor.authorSievertsen, Hans Henriken_US
dc.date.accessioned2010-01-26en_US
dc.date.accessioned2010-05-14T08:23:05Z-
dc.date.available2010-05-14T08:23:05Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30601-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2871en_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.stwKonsumentenrenteen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwWillingness to payen_US
dc.subject.stwUSAen_US
dc.titleThe consumption value of higher educationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn617104395en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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