The Role of Labour Market Expectations and Admission Probabilities in Students' Application Decisions on Higher Education: The Case of Hungary

Bibliographic Details
Title: The Role of Labour Market Expectations and Admission Probabilities in Students' Application Decisions on Higher Education: The Case of Hungary
Language: English
Authors: Varga, Julia
Source: Education Economics. Sep 2006 14(3):309-327.
Availability: Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street, Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940. Web site: http://www.tandf.co.uk/journals/default.html.
Peer Reviewed: Y
Page Count: 19
Publication Date: 2006
Document Type: Journal Articles
Reports - Research
Descriptors: Foreign Countries, Higher Education, Secondary School Students, Probability, Labor Market, Student Attitudes, College Applicants, Career Choice, College Choice, Human Capital
Geographic Terms: Hungary
ISSN: 0964-5292
Abstract: This paper analyses students' application strategies to higher education, the effects of labour market expectations and admission probabilities. The starting hypothesis of this study is that students consider the expected utility of their choices, a function of expected net lifetime earnings and the probability of admission. Based on a survey carried out among Hungarian secondary school students, three aspects of application decisions are investigated: the number of applications; the selection between state-funded and cost-priced education; and the institutions/field specialization ranked first and last in students' choices. The results of this paper confirm that both expected wages and admission probabilities determine students' application strategies and that the seemingly irrational student preferences for institutions/orientations with less favourable labour market opportunities might be the result of a rational decision process. (Contains 5 tables and 7 notes.)
Abstractor: Author
Number of References: 17
Entry Date: 2006
Access URL: https://taylorandfrancis.metapress.com/link.asp?target=contribution&id=R4UR130U7264164V
Accession Number: EJ740286
Database: ERIC
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ISSN:0964-5292
Published in:Education Economics
Language:English