Type of Publication: | Journal article |
Publication status: | Published |
Author: | Chadi, Adrian; de Pinto, Marco; Schultze, Gabriel |
Year of publication: | 2019 |
Published in: | Economics of Education Review ; 72 (2019). - pp. 66-79. - ISSN 0272-7757 |
DOI (citable link): | https://dx.doi.org/10.1016/j.econedurev.2019.04.004 |
Summary: |
This paper examines the decision-making process of students from an economic perspective to understand the determinants of an individual’s willingness to provide effort. Our theoretical model predicts that ability and job market prospects are positive determinants. Analyzing a novel dataset on thousands of German students, however, we instead find that ability has a significantly negative effect on effort. It seems that the marginal gain of increasing effort in terms of higher expected income after studying is lower for high-ability students compared to low-ability students. In regard to the second determinant, the evidence rejects a similar argument, according to which great job market prospects may impair student effort. Applying an instrumental variable approach based on official unemployment data on regional labor markets, we can confirm our prediction on the positive role of perceived employment prospects in actual student behavior.
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JEL Classification: | I23 J22 J24 |
Subject (DDC): | 330 Economics |
Keywords: | Higher education Effort Study time Leisure Ability Labor market data |
Bibliography of Konstanz: | Yes |
Refereed: | Yes |
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CHADI, Adrian, Marco DE PINTO, Gabriel SCHULTZE, 2019. Young, gifted and lazy? The role of ability and labor market prospects in student effort decisions. In: Economics of Education Review. 72, pp. 66-79. ISSN 0272-7757. Available under: doi: 10.1016/j.econedurev.2019.04.004
@article{Chadi2019-10Young-47302, title={Young, gifted and lazy? The role of ability and labor market prospects in student effort decisions}, year={2019}, doi={10.1016/j.econedurev.2019.04.004}, volume={72}, issn={0272-7757}, journal={Economics of Education Review}, pages={66--79}, author={Chadi, Adrian and de Pinto, Marco and Schultze, Gabriel} }
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