Do College Students Make Better Predictions of Their Future Income than Young Adults in the Labor Force?

Autor/in	Jerrim, John
Titel	Do College Students Make Better Predictions of Their Future Income than Young Adults in the Labor Force?
Quelle	In: Education Economics, 23 (2015) 2, S.162-179 (18 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0964-5292
DOI	10.1080/09645292.2013.769045
Schlagwörter	College Students; Young Adults; Prediction; Predictive Validity; Longitudinal Studies; National Surveys; Income; Expectation; Wages; Salary Wage Differentials; Employment; Educational Benefits; Comparative Analysis; Labor Market; Interviews; Work Attitudes; Employee Attitudes; Occupational Aspiration + Suchen Sie Ihr Suchwort? Collegestudent; Young adult; Junger Erwachsener; Vorhersage; Longitudinal study; Longitudinal method; Longitudinal methods; Längsschnittuntersuchung; Einkommen; Expectancy; Erwartung; Wage; Löhne; Dienstverhältnis; Bildungsertrag; Labour market; Arbeitsmarkt; Interviewing; Interviewtechnik; Work attitude; Arbeitshaltung; Arbeitnehmerinteresse; Berufsneigung; Berufsziel
Abstract	Several studies have considered whether American college students' hold "realistic" wage expectations. The consensus is that they do not--overestimation of future earnings is in the region of 40-50%. But is it just college students who overestimate the success they will have in the labor market, or is this something common to all young adults? In this paper, I analyze National Educational Longitudinal Study (1988) data to consider whether 20-year-old college men are more realistic about their future income than their peers (of the same age) who are already in the labor force. My findings suggest that young people in employment actually make "worse" predictions of their future income (on average) than certain student groups, so long as the latter successfully obtain a university degree. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10