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Academic and non-Academic Investments at University: the Role of Expectations, Preferences and Constraints

Delavande, Adeline and Del Bono, Emilia and Holford, Angus (2020) 'Academic and non-Academic Investments at University: the Role of Expectations, Preferences and Constraints.' Journal of Econometrics. ISSN 0304-4076

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: Subjective expectations; Choice set heterogeneity; Higher education; Ethnic gap
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Institute for Social and Economic Research
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 03 Nov 2020 12:40
Last Modified: 06 Jan 2022 14:19
URI: http://repository.essex.ac.uk/id/eprint/28979

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