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TitleStudents' expectations of the economic returns to college education : results of controlled experiment
Author(s)Botelho, Anabela
Pinto, Lígia
KeywordsRate of return
Human capital
Issue dateDec-2003
PublisherUniversidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)
CitationBOTELHO, Anabela; PINTO, Lígia - "Students' expectations of the economic returns to college education : results of controlled experiment". [Em linha]. Braga : UNIVERSIDADE DO MINHO. Núcleo de Investigação em Microeconomia Aplicada, 2003.[Consult. 7 Jun. 2005]. Disponível em
Series/Report no.Working Papers NIMA
Abstract(s)This study reports the results of an experiment designed to elicit students’ subjective beliefs about the economic returns to college education. An important feature of our experimental design is the inclusion of financial incentives for accurate reporting. We also consider the extent to which individuals’ beliefs about their own returns differ from their beliefs about the returns for others. The evidence shows that students do have a self-enhancement tendency, and this finding cannot be attributed to previously uncontrolled order effects. The evidence also indicates that there is no significant difference between beliefs elicited using hypothetical surveys or real financial incentives in the elicitation procedure. This finding suggests that economists’ reluctance to gather subjective data on earnings expectations may not be warrant.
TypeWorking paper
AccessOpen access
Appears in Collections:NIMA - Documentos de Trabalho/Working Papers

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