期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2004
卷号：2004
出版社：Bergen
摘要：The consumption value of education is an important, but rather ignored
factor behind the individual’s educational choice. This paper suggests a
method for measuring the consumption value of education in a compensating
differentials framework when the ability bias is corrected for. As an example,
the willingness to pay for the consumption value of attending teacher’s college
during the 1960’s is estimated on unique Norwegian panel data. The ex-ante
price of the consumption value of teacher’s college is estimated to be 38 %
of the present value of the individual’s potential lifetime income. The ex-post
price of this consumption value is for the same individuals estimated to be
about 46 % of the present value of the potential lifetime income.
