Journal Article

Academic and non-academic investments at university: the role of expectations, preferences and constraints

Authors

Publication date

03 Nov 2020

Summary

This paper estimates a discrete choice model of time allocation decisions made by university students. We consider investments in academic and non-academic activities, such as job placements or volunteering. Identification is achieved using data collected through a recent survey of UK university students on subjective expectations about the returns to these activities, and the enjoyment students derive from them. Unobserved heterogeneity in the choice set is addressed using a sufficient set logit method. The analysis reveals significant ethnic differences in the level of investments, expected academic and labour market returns, and enjoyment of academic and non-academic activities. Simulations suggest that existing constraints play an important role in explaining ethnic gaps in investments.

Published in

Journal of Econometrics

DOI

https://doi.org/10.1016/j.jeconom.2020.03.019

ISSN

16

Subjects

Time Use, Economics, Ethnic Groups, Social Stratification, and Higher Education

Links

University of Essex, Albert Sloman Library Periodicals *restricted to University of Essex registered users* - https://lib.essex.ac.uk/iii/encore/record/C__Rb1203180

Notes

Online Early

#526432