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Are Austrian Returns to Education Falling Over Time?

Fersterer, Josef; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 1999

In this paper we make a systematic presentation of returns to education in Austria for the period 1981-1997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. These falling returns are not caused by changes in the sample design and reduced willingness to...

Persistent link: https://www.econbiz.de/10005822824

Smoking, Discount Rates, and Returns to Education

Fersterer, Josef; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2000

Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education...

Persistent link: https://www.econbiz.de/10005700985

The Wage Expectations of European College Students

Brunello, Giorgio; Lucifora, Claudio; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2001

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. …

Persistent link: https://www.econbiz.de/10005703334