Institutional Affiliation: Consejo Nacional de Educación
|(Un)Informed College and Major Choice: Evidence from Linked Survey and Administrative Data|
with , , : w21330
We use large-scale surveys of Chilean college applicants and college students to explore the way students form beliefs about earnings and cost outcomes at different institutions and majors and how these beliefs relate to degree choice and persistence. Linking our survey records to administrative education and earnings data, we compare earnings and cost expectations to observed values for past students and follow survey participants forward to see how beliefs relate to matriculation and dropout outcomes. We find that students have correctly centered but noisy cost expectations, and appear to systematically overestimate earnings outcomes for past graduates. Students who overestimate costs are less likely to matriculate in any degree program and in their stated first-choice program, and are m...
Published: Justine S. Hastings & Christopher A. Neilson & Anely Ramirez & Seth D. Zimmerman, 2015. "REMOVED: (Un)informed college and major choice: Evidence from linked survey and administrative data," Economics of Education Review, . citation courtesy of