Uncertainty about future income: Initial beliefs and resolution during college.

Autor/inn/en	Gong, Yifan; Stinebrickner, Todd; Stinebrickner, Ralph
Titel	Uncertainty about future income: Initial beliefs and resolution during college. Gefälligkeitsübersetzung: Unsicherheit über das zukünftige Einkommen: Ursprüngliche Erwartungen und deren Auflösung während des Studiums.
Quelle	In: Quantitative economics, 10 (2019) 2, S. 607-641 PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	1759-7323; 1759-7331
DOI	10.3982/QE954
Schlagwörter	Einstellungsänderung; Unsicherheit; Einkommenserwartung; Einkommenshöhe; Studienverlauf; Hochschulabsolvent; Student; Studienanfänger; USA
Abstract	"We use unique data from the Berea Panel Study to characterize how much earnings uncertainty is present for students at college entrance and how quickly this uncertainty is resolved. We characterize uncertainty using survey questions that elicit the entire distribution describing one's beliefs about future earnings. Taking advantage of the longitudinal nature of the expectations data, we find that roughly two-thirds of the income uncertainty present at the time of entrance remains at the end of college. Taking advantage of a variety of additional survey questions, we provide evidence about how the resolution of income uncertainty is influenced by factors such as college GPA and college major, and also examine why much income uncertainty remains unresolved at the end of college. This paper also contributes to a literature interested in understanding the relative importance of uncertainty and heterogeneity in determining observed earnings distributions." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2019/4