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

Delavande, A; Del Bono, E; Holford, A

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

Delavande, A

Del Bono, E Holford, A

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Publisher:: Elsevier BV
Publication Type:: Journal Article
Citation:: Journal of Econometrics, 2020
Issue Date:: 2020-01-01

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Field	Value	Language
dc.contributor.author	Delavande, A https://orcid.org/0000-0001-8691-6359
dc.contributor.author	Del Bono, E
dc.contributor.author	Holford, A
dc.date.accessioned	2022-03-27T22:55:59Z
dc.date.available	2022-03-27T22:55:59Z
dc.date.issued	2020-01-01
dc.identifier.citation	Journal of Econometrics, 2020
dc.identifier.issn	0304-4076
dc.identifier.issn	1872-6895
dc.identifier.uri	http://hdl.handle.net/10453/155615
dc.description.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.
dc.language	en
dc.publisher	Elsevier BV
dc.relation.ispartof	Journal of Econometrics
dc.relation.isbasedon	10.1016/j.jeconom.2020.03.019
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	0104 Statistics, 1402 Applied Economics, 1403 Econometrics
dc.subject.classification	Econometrics
dc.title	Academic and non-academic investments at university: The role of expectations, preferences and constraints
dc.type	Journal Article
utslib.for	0104 Statistics
utslib.for	1402 Applied Economics
utslib.for	1403 Econometrics
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	open_access	*
dc.date.updated	2022-03-27T22:55:58Z
pubs.publication-status	Published

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.

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http://hdl.handle.net/10453/155615