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Education choices and returns on the labor and marriage markets: Evidence from data on subjective expectations

Attanasio, OP; Kaufmann, KM; (2017) Education choices and returns on the labor and marriage markets: Evidence from data on subjective expectations. Journal of Economic Behavior & Organization , 140 pp. 35-55. 10.1016/j.jebo.2017.05.002. Green open access

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Abstract

In this paper we analyze the role of expected labor and marriage market returns as determinants of the college enrollment decisions of Mexican high school graduates. Moreover, we investigate whether the (relative) weights of these factors differ by gender. We use data on individuals’ expectations regarding future labor market outcomes which we directly elicited from the youths, and two different measures of marriage market returns. First, marriage market returns are proxied by the (net-)supply of potential partners in the youths’ local marriage markets. Second, we use data which elicits youths’ beliefs about their future spouse's earnings conditional on their own education level. We find that labor market as well as marriage market returns are important determinants of the college enrollment decision. However, boys’ and girls’ preferences differ in terms of the relative role of the two determinants, in that the relative weight of labor market versus marriage market returns is larger for boys than for girls.

Type: Article
Title: Education choices and returns on the labor and marriage markets: Evidence from data on subjective expectations
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.jebo.2017.05.002
Publisher version: https://doi.org/10.1016/j.jebo.2017.05.002
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Social Sciences, Economics, Business & Economics, Schooling Decisions, Subjective Expectations, Perceived Earnings And Employment Risk, Marriage Market Returns, Gender Differences, Mexico, Selection Bias, Gender, Information, Investment, Decisions, Countries, Males, Risk, Gap
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/1571704
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