The (Perceived) Returns to Education and the Demand for Schooling
Bibliographic Data
| ID | 23315469 |
|---|---|
| Authors | Robert Jensen (0000-0002-1342-5855), Robert T Jensen (0000-0002-0095-4600, National Bureau of Economic Research, corresponding author) |
| Year | 2010 |
| Volume | 125 |
| Issue | 2 |
| Pages | 515-548 |
| Publication date | 2010-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Quarterly Journal of Economics (JOURNAL) |
| Journal identifiers | ISSN: 0033-5533 • E-ISSN: 1531-4650 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1162/qjec.2010.125.2.515 |
| OpenAlex | W2073400560 |
| Language | EN |
| Citations received | 237 |
| References cited | 9 |
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.
Affect (linguistics) · Demographic economics · Earnings · Economics · Labour economics · Perception · Finance · Financial Literacy, Pension, Retirement Analysis · Poverty, Education, and Child Welfare · Psychology · School Choice and Performance
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| Unique citing works | 237 |
|---|---|
| Citations per year | 13,94 |
| Citation span | 2009 - 2027 (19) |
| Citation velocity | recent |
| Highly cited | Yes |
| Citation types | Neutral: 217 |