Is Education a Risky Investment? The Scarring Effect of University Dropout in Sweden
Bibliographic Data
| ID | 2236052 |
|---|---|
| Authors | Martin Hällsten (0000-0003-3660-9996, Stockholm University, corresponding author) |
| Year | 2017 |
| Pages | jcw053 |
| Publication date | 2017-01-06 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | European Sociological Review (JOURNAL) |
| Journal identifiers | ISSN: 0266-7215 • E-ISSN: 1468-2672 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/esr/jcw053 |
| OpenAlex | W2571106593 |
| Language | EN |
| Citations received | 12 |
| References cited | 19 |
A number of theoretical models of educational decision-making assume that education is a risky investment, but the empirical evidence of those risks is scant. This article analyses the link between educational failure and future adverse outcomes using Swedish register data. Drawing on the concept of risk inherent in the Breen-Goldthorpe model of educational decision-making-that staying on in school and failing leads to downward mobility-this article estimates the risk of university dropout in terms of future labour market exclusion, where dropouts are compared to never entrants of tertiary education. To rule out unobserved differences between the groups, sibling fixed effects are paired with controls for ability, non-cognitive skills, and life course events. The results show scarring effects of university dropout on labour market marginalization, although the scarring effects are small. This lends some support for the assumption that entering higher levels of education involves a risk of downward mobility.
Actuarial science · Demographic economics · Dropout (neural networks) · Economic growth · Economics · Higher education · Investment (military) · Labour economics · Political science · Social mobility · Sociology · Higher Education Research Studies · Intergenerational and Educational Inequality Studies · Labor market dynamics and wage inequality · Psychology · Social Psychology
Studienabbruch und Berufsaussichten. Experimentelle Studien zu den Einstellungschancen auf dem Arbeits- und Ausbildungsmarkt
Revisiting the Breen-Goldthorpe Model of educational stratification
Relative risk aversion models
Better close to home? Geographical and socioeconomic constraints on gendered educational transitions at the upper secondary level
Higher education non-completion, employers, and labor market integration
Early Careers of Dropouts from Vocational Training
Dropout in Rural Higher Education
Rural Population and Covid-19
Health-Related Quality of Life, Success Probability and Students’ Dropout Intentions
Higher education dropouts and the labour market. An exploration of parental education effects on early career trajectories in Austria
Determining fit
Emotional and behavioural predictors of dropout intention and the moderating role of student appraisals among international students in Australian universities
The Youth labor market problem
The Labor Market Returns to Cognitive and Noncognitive Ability
The Importance of Noncognitive Skills
Dropout from Higher Education
Education, opportunity, and social inequality
Human Capital
Do dropouts drop out too soon? Wealth, health and happiness from compulsory schooling
Estimates of the Returns to Schooling from Sibling Data
Job Market Signaling
Explaining Educational Differentials
Functional and Conflict Theories of Educational Stratification
Educational systems and labor market outcomes
Deciding under Doubt
All or Nothing? The Consequences of Tertiary Education Non-Completion in Croatia and Serbia
The Changing Family Background of the Low-Educated in the Netherlands
| Unique citing works | 12 |
|---|---|
| Citations per year | 1,33 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 7 |