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dc.contributor.authorAlstadsæter, Annetteen
dc.contributor.authorSievertsen, Hans Henriken
dc.date.accessioned2010-01-26-
dc.date.accessioned2010-05-14T08:23:05Z-
dc.date.available2010-05-14T08:23:05Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2871en
dc.subject.jelJ24en
dc.subject.jelJ31en
dc.subject.jelJ33en
dc.subject.jelI21en
dc.subject.jelH89en
dc.subject.ddc330en
dc.subject.keywordeducational choiceen
dc.subject.keywordtype of educationen
dc.subject.keywordnon-pecuniary returnen
dc.subject.keywordwillingness to payen
dc.subject.keywordconsumption value of educationen
dc.subject.stwStudiumen
dc.subject.stwBildungsverhaltenen
dc.subject.stwKonsumentenrenteen
dc.subject.stwBildungsertragen
dc.subject.stwWillingness to payen
dc.subject.stwUSAen
dc.titleThe consumption value of higher education-
dc.typeWorking Paperen
dc.identifier.ppn617104395en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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