Unique longitudinal probabilistic expectations data from the Berea Panel Study, which cover both college and early post-college periods, are used to examine young adults’ beliefs about their future incomes. We introduce a new measure of the ex post accuracy of beliefs, and two new approaches...

We use novel data to show that the beauty wage premium exists only in jobs where attractiveness is plausibly a productive characteristic. A large premium exists in jobs that require substantial amounts of interpersonal interaction, but no such premium exists in jobs that require working with...

Unique longitudinal probabilistic expectations data from the Berea Panel Study, which cover both college and early post-college periods, are used to examine young adults’ beliefs about their future incomes. We introduce a new measure of the ex post accuracy of beliefs, and two new approaches...