What Do Students Know about Wages? Evidence from a Survey of Undergraduates
通过调查本科生对不同教育类型对应的工资认知，发现学生估计误差中位数约20%，但平均偏差仅-6%；知识随年级、专业接近度和父母收入变化，且超过一半的学习发生在第四年。
The paper uses a survey to examine undergraduates' knowledge of salaries by type of education. Students' beliefs varied systematically with their year of study and personal background. The median student made (estimated) absolute errors of approximately 20 percent, but the mean signed error was only -6 percent. Regression analysis revealed links between students' knowledge of the labor market, and year of study, proximity of the occupation to the student's own field and parents' income. Over half of learning occurred during the fourth year. Logit analyses of students' use of information sources supported this conclusion. Implications for human capital theory are considered.