Subjective expectations and schooling choices in Latin America and the Caribbean
Marcelo Gantier,
Rafael Novella,
Andrea Repetto
Abstract:Expectations about future labour market opportunities are essential for education and labour market decisions. This paper uses data from a survey of youths in seven Latin American and Caribbean countries to explore the role of expected returns to education on schooling decisions. We find substantial variation in subjective expectations partly explained by youths' socioeconomic characteristics. Also, we find that enrolment in tertiary education is positively related to perceived education returns. Furthermore, … Show more
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