Who has realistic income expectations: students or workers?

Jerrim, John (2010) Who has realistic income expectations: students or workers? Southampton , UK, Southampton Statistical Sciences Research Institute, 93pp. (Applications and Policy Working papers Series, A10/05). (Submitted)


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I analyse a nationally representative, longitudinal dataset to investigate the income expectations of 20 American year old men over a 10 year time horizon. Specifically, I compare the accuracy of students’ expectations to young adults from the same cohort who have chosen to enter the labour force. The results indicate that 20 year old American men overestimate their income at age 30 by an average of 50%. Yet, there is little evidence that those in the labour force are more realistic than their peers in higher education. In fact certain groups of students appear to be more realistic than those who are working, overestimating their future income by less than 10%

Item Type: Monograph (Working Paper)
Keywords: expectations, students, higher education, national education longitudinal survey
Subjects: H Social Sciences > HA Statistics
Divisions : University Structure - Pre August 2011 > Southampton Statistical Sciences Research Institute
ePrint ID: 162937
Accepted Date and Publication Date:
1 September 2010Submitted
Date Deposited: 01 Sep 2010 07:59
Last Modified: 27 Mar 2014 19:17
URI: http://eprints.soton.ac.uk/id/eprint/162937

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