Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household … income, is used as an instrument for attained education in a standard log earnings equation. I find that, in line with the …

the results of the first systematic study of the wage expectations of European college students. Our data are based on the … replies to the same questionnaire by more than 6000 college students all over Europe. We study the determinants of wage …-specific micro-data. In line with U.S. studies we find that students overestimate returns to education. …