The (Perceived) Returns to Education and the Demand for Schooling*

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ID: 299300
2010
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Abstract
Economists emphasize the link between market returns to education and investments in schooling. Though many studies estimate these returns with earnings data, it is the perceived returns that affect schooling decisions, and these perceptions may be inaccurate. Using survey data for eighth-grade boys in the Dominican Republic, we find that the perceived returns to secondary school are extremely low, despite high measured returns. Students at randomly selected schools given information on the higher measured returns completed on average 0.20–0.35 more years of school over the next four years than those who were not.
Reference Key
openalex_W2073400560 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Robert T. Jensen
Journal the quarterly journal of economics
Year 2010
DOI
10.1162/qjec.2010.125.2.515
URL
https://doi.org/10.1162/qjec.2010.125.2.515
Keywords Keywords not found

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