Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173947
Authors: 
Belfield, Chris
Boneva, Teodora
Rauh, Christopher
Shaw, Jonathan
Year of Publication: 
2016
Series/Report no.: 
IFS Working Papers W16/13
Abstract: 
We study students' motives for educational attainment in a unique survey of 885 secondary school students in the UK. As expected, students who perceive the monetary returns to education to be higher are more likely to intend to continue in full-time education. However, the main driver is the perceived consumption value, which alone explains around half of the variation of the intention to pursue higher education. Moreover, the perceived consumption value can account for a substantial part of both the socio-economic gap and the gender gap in intentions to continue in full-time education.
Subjects: 
education
perceived returns
consumption value of education
beliefs
higher education
UK
gender gap
income gradient
JEL: 
I24
I26
J13
J24
J62
Persistent Identifier of the first edition: 
Document Type: 
Working Paper
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