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Wage Expectations for Higher Education Students in S pain
Author(s) -
AlonsoBorrego César,
RomeroMedina Antonio
Publication year - 2016
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/labr.12072
Subject(s) - graduation (instrument) , earnings , wage , economics , labour economics , horizon , demographic economics , psychology , accounting , engineering , physics , astronomy , mechanical engineering
We assess students' ability to forecast future earnings by using data on expected wages self‐reported by college students with different graduation horizons. We find a significant gender gap, by which wage expectations are systematically lower for women than for men. However, women do not fully account for the gender gap in their future earnings. We also find that student performance, degree type, and graduation horizon play a relevant role in wage forecasts. In any case, students' expectations do not conform market wages but become more realistic as they approach graduation.