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https://hdl.handle.net/10419/30601
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Alstadsæter, Annette | en |
dc.contributor.author | Sievertsen, Hans Henrik | en |
dc.date.accessioned | 2010-01-26 | - |
dc.date.accessioned | 2010-05-14T08:23:05Z | - |
dc.date.available | 2010-05-14T08:23:05Z | - |
dc.date.issued | 2009 | - |
dc.identifier.uri | http://hdl.handle.net/10419/30601 | - |
dc.description.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. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x2871 | en |
dc.subject.jel | J24 | en |
dc.subject.jel | J31 | en |
dc.subject.jel | J33 | en |
dc.subject.jel | I21 | en |
dc.subject.jel | H89 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | educational choice | en |
dc.subject.keyword | type of education | en |
dc.subject.keyword | non-pecuniary return | en |
dc.subject.keyword | willingness to pay | en |
dc.subject.keyword | consumption value of education | en |
dc.subject.stw | Studium | en |
dc.subject.stw | Bildungsverhalten | en |
dc.subject.stw | Konsumentenrente | en |
dc.subject.stw | Bildungsertrag | en |
dc.subject.stw | Willingness to pay | en |
dc.subject.stw | USA | en |
dc.title | The consumption value of higher education | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 617104395 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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