Numerous studies of the determinants of children's attainments rely on observations of circumstances and events at age 14 as proxies for information over the entire childhood period. Using 21 years of panel data from the Michigan PSID on 825 children who were 14-16 years old in 1979, we evaluate...

We address the role of youths` own choice-conditioned expectations in understanding their schooling choices by constructing a choice (or quot;switchingquot;) model. We emphasize the effect of individual student perceptions regarding the returns associated with graduating from high school versus...