PT  - JOURNAL ARTICLE
AU  - Giorgio Brunello
AU  - Claudio Lucifora
AU  - Rudolf Winter-Ebmer
TI  - The Wage Expectations of European Business and Economics Students
AID  - 10.3368/jhr.XXXIX.4.1116
DP  - 2004 Oct 02
TA  - Journal of Human Resources
PG  - 1116--1142
VI  - XXXIX
IP  - 4
4099  - http://jhr.uwpress.org/content/XXXIX/4/1116.short
4100  - http://jhr.uwpress.org/content/XXXIX/4/1116.full
SO  - J Hum Resour2004 Oct 02; XXXIX
AB  - Expected earnings and expected returns to education are seen by labor economists as a major determinant of educational attainment. In spite of this, the empirical knowledge about expectations and their formation is scarce. In this paper we report the results of the first systematic study of the wage expectations of European university students. Our data are based on a uniform questionnaire answered by about 3,000 business and economics university students across Europe. We study the determinants of wage expectations and expected employment probabilities, the variability of these expectations and their variation across countries and universities. We also examine the tradeoff between expected starting wages and expected wage growth.