Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings. Direct surveys suggest much ignorance and fuzziness. We use...

Eliciting expectation and introducing probabilistic questions into surveys have gained important interest. In this study, we focus on the reliability of students’ earnings expectations. To what extent is observed log earnings expectations affected by random measurement error (noise)? A...

Eliciting expectation and introducing probabilistic questions into surveys have gained important interest. In this study, we focus on the reliability of students' earnings expectations. To what extent is observed log earnings expectations affected by random measurement error (noise)? A...

A correlation curve is introduced as a tool to study the degree of intergenerational income mobility, i.e. how income status is related between parents and adult child. The method overcomes the shortcomings of the elasticity of children's income with respect to parents' income (i.e. its...

A correlation curve is introduced as a tool to study the degree of intergenerational income mobility, i.e. how income status is related between parents and adult child. The method overcomes the shortcomings of the elasticity of children’s income with respect to parents’ income (i.e. its...

The purpose of this study is to empirically investigate causal effects between socioeconomic status and absence from the workplace due to sickness. To be able to conclude that income causally affects health it is important to control for both reverse causality and unobserved heterogeneity. This...