This paper explores students' expectations about the returns to completing higher education and provides first evidence … scenarios of leaving university with or without a degree certificate among a large and diverse sample of students at different …

and scholars that the declines in state support have reduced the return to education investment for public sector students … public institution with yearly variation in state-level appropriations. For four-year students, we find that state …, we find state appropriations are passed on to students in the form of lower tuition in the four-year sector, while for …

features of the Norwegian education system that produce random variation in the content of the exams taken by students at the … end of high school. Lucky students take exams in subjects they are better at, and we show that this generates significant …

university education for their children. The latter are more likely to underestimate returns and overestimate costs of university …