The Structure and Determinants of Expected and Actual Starting Salaries of Higher Education Students in Germany: Identical or Different?

Autor/inn/en	Frick, Bernd; Maihaus, Michael
Titel	The Structure and Determinants of Expected and Actual Starting Salaries of Higher Education Students in Germany: Identical or Different?
Quelle	In: Education Economics, 24 (2016) 4, S.374-392 (19 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0964-5292
DOI	10.1080/09645292.2015.1110115
Schlagwörter	Foreign Countries; Salaries; Internship Programs; College Graduates; Expectation; College Students; Individual Characteristics; Age; Grades (Scholastic); Test Preparation; Human Capital; Salary Wage Differentials; Comparative Analysis; Regression (Statistics); National Surveys; Online Surveys; Germany + Suchen Sie Ihr Suchwort? Ausland; Entlohnung; Gehalt; Berufspraktische Ausbildung; Hochschulabsolvent; Hochschulabsolventin; Expectancy; Erwartung; Collegestudent; Personality characteristic; Personality traits; Persönlichkeitsmerkmal; Alter; Lebensalter; Notenspiegel; Humankapital; Regression; Regressionsanalyse; Deutschland
Abstract	Using two representative samples of some 74,000 students and 11,000 graduates, respectively, we analyse the accuracy of students' wage expectations given their individual characteristics. We find that students are aware of the effects of most of their own characteristics, as a large number of determinants of expected and realised salaries do not differ significantly. However, important determinants of graduates' starting salaries are not consistent with students' expectations: Students seem to overestimate the presumably negative impact of age at graduation on starting salaries while at the same time they seem to underestimate the positive effects of grades and internships in renowned companies. Moreover, students seem not to be able to anticipate the effects of different job characteristics. Analyses of several subsamples confirm our main findings. Thus, students seem to focus too much on graduating fast while under-investing in more beneficial activities like preparing for exams and completing top internships. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01