Brunello, Giorgio; Lucifora, Claudio; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2001
Expected earnings and expected returns to education are seen by labour economists as a major determinant of educational … final section of the paper, we contrast expected returns to education with actual returns estimated from country …-specific microdata. In line with US studies we find that students overestimate returns to education. …