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Who has realistic income expectations: students or workers?

Who has realistic income expectations: students or workers?
Who has realistic income expectations: students or workers?
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%
expectations, students, higher education, national education longitudinal survey
A10/05
Southampton Statistical Sciences Research Institute, University of Southampton
Jerrim, John
66e6330d-d93a-439a-a69b-e061e660de61
Jerrim, John
66e6330d-d93a-439a-a69b-e061e660de61

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

Record type: Monograph (Working Paper)

Abstract

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%

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Submitted date: 1 September 2010
Keywords: expectations, students, higher education, national education longitudinal survey

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Local EPrints ID: 162937
URI: http://eprints.soton.ac.uk/id/eprint/162937
PURE UUID: 825ada58-4590-4d9e-ad27-ea88db7475e1

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Date deposited: 01 Sep 2010 07:59
Last modified: 20 Feb 2024 03:18

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