The Earnings Expectations of Business Economics Students in the Czech Republic and England

the effect of seniority

Martina Benesova, John Anchor

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

While the financial returns to education have been widely studied since the 1960s, the research on students’ earnings expectations is relatively scarce. This study investigates the effect of student seniority on their earnings expectations and their perceptions of the link between education and labour market outcomes. Business economics students were surveyed at two universities in England and two universities in the Czech Republic. A mixed-methods approach was used – questionnaires and focus groups - for data collection. First year students expected to earn more on average compared to their final year counterparts, both immediately after graduation and ten years later. Students expected their earnings to grow with education and experience. Students expected to earn more after graduation compared to what they would expect had they decided not to go to university. Final year English students who expected to achieve a first class honours degree had higher expectations compared with the rest of the sample. In both countries, final year students who expected to be over educated after graduation anticipated a pay penalty. Final year students believed they would have been financially punished for leaving university during their final year. Students who intended to stay in their home regions after graduation had lower earnings expectations compared to those who were willing to relocate to the capital city or move abroad.

Original languageEnglish
Title of host publicationProceedings of the 14th International Conference
Subtitle of host publicationLiberec Economic Forum 2019
EditorsKlára Antlová, Tereza Semerádová
Place of PublicationLiberec
PublisherTechnical University of Liberec
Pages72-80
Number of pages9
ISBN (Print)9788074944826
Publication statusPublished - 2 Sep 2019
EventLiberec Economic Forum 2019 - Technical University of Liberec, Liberec, Czech Republic
Duration: 17 Sep 201918 Sep 2019
https://issuu.com/ekonomicka_fakulta_tul/docs/lef_2019_proceedings_
http://lef.tul.cz/ (Link to conference website)

Conference

ConferenceLiberec Economic Forum 2019
Abbreviated titleLEF2019
CountryCzech Republic
CityLiberec
Period17/09/1918/09/19
Internet address

Fingerprint

business economics
Czech Republic
student
university
education
capital city
first-year student
honor
penalty
labor market

Cite this

Benesova, M., & Anchor, J. (2019). The Earnings Expectations of Business Economics Students in the Czech Republic and England: the effect of seniority. In K. Antlová, & T. Semerádová (Eds.), Proceedings of the 14th International Conference: Liberec Economic Forum 2019 (pp. 72-80). Liberec: Technical University of Liberec.
Benesova, Martina ; Anchor, John. / The Earnings Expectations of Business Economics Students in the Czech Republic and England : the effect of seniority. Proceedings of the 14th International Conference: Liberec Economic Forum 2019. editor / Klára Antlová ; Tereza Semerádová. Liberec : Technical University of Liberec, 2019. pp. 72-80
@inproceedings{df194aa3e1f54355821078e1a625ec30,
title = "The Earnings Expectations of Business Economics Students in the Czech Republic and England: the effect of seniority",
abstract = "While the financial returns to education have been widely studied since the 1960s, the research on students’ earnings expectations is relatively scarce. This study investigates the effect of student seniority on their earnings expectations and their perceptions of the link between education and labour market outcomes. Business economics students were surveyed at two universities in England and two universities in the Czech Republic. A mixed-methods approach was used – questionnaires and focus groups - for data collection. First year students expected to earn more on average compared to their final year counterparts, both immediately after graduation and ten years later. Students expected their earnings to grow with education and experience. Students expected to earn more after graduation compared to what they would expect had they decided not to go to university. Final year English students who expected to achieve a first class honours degree had higher expectations compared with the rest of the sample. In both countries, final year students who expected to be over educated after graduation anticipated a pay penalty. Final year students believed they would have been financially punished for leaving university during their final year. Students who intended to stay in their home regions after graduation had lower earnings expectations compared to those who were willing to relocate to the capital city or move abroad.",
keywords = "Earnings expectations, Students, Business Schools, Faculties of Economics, Czech Republic, England",
author = "Martina Benesova and John Anchor",
year = "2019",
month = "9",
day = "2",
language = "English",
isbn = "9788074944826",
pages = "72--80",
editor = "Kl{\'a}ra Antlov{\'a} and Tereza Semer{\'a}dov{\'a}",
booktitle = "Proceedings of the 14th International Conference",
publisher = "Technical University of Liberec",
address = "Czech Republic",

}

Benesova, M & Anchor, J 2019, The Earnings Expectations of Business Economics Students in the Czech Republic and England: the effect of seniority. in K Antlová & T Semerádová (eds), Proceedings of the 14th International Conference: Liberec Economic Forum 2019. Technical University of Liberec, Liberec, pp. 72-80, Liberec Economic Forum 2019, Liberec, Czech Republic, 17/09/19.

The Earnings Expectations of Business Economics Students in the Czech Republic and England : the effect of seniority. / Benesova, Martina; Anchor, John.

Proceedings of the 14th International Conference: Liberec Economic Forum 2019. ed. / Klára Antlová; Tereza Semerádová. Liberec : Technical University of Liberec, 2019. p. 72-80.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

TY - GEN

T1 - The Earnings Expectations of Business Economics Students in the Czech Republic and England

T2 - the effect of seniority

AU - Benesova, Martina

AU - Anchor, John

PY - 2019/9/2

Y1 - 2019/9/2

N2 - While the financial returns to education have been widely studied since the 1960s, the research on students’ earnings expectations is relatively scarce. This study investigates the effect of student seniority on their earnings expectations and their perceptions of the link between education and labour market outcomes. Business economics students were surveyed at two universities in England and two universities in the Czech Republic. A mixed-methods approach was used – questionnaires and focus groups - for data collection. First year students expected to earn more on average compared to their final year counterparts, both immediately after graduation and ten years later. Students expected their earnings to grow with education and experience. Students expected to earn more after graduation compared to what they would expect had they decided not to go to university. Final year English students who expected to achieve a first class honours degree had higher expectations compared with the rest of the sample. In both countries, final year students who expected to be over educated after graduation anticipated a pay penalty. Final year students believed they would have been financially punished for leaving university during their final year. Students who intended to stay in their home regions after graduation had lower earnings expectations compared to those who were willing to relocate to the capital city or move abroad.

AB - While the financial returns to education have been widely studied since the 1960s, the research on students’ earnings expectations is relatively scarce. This study investigates the effect of student seniority on their earnings expectations and their perceptions of the link between education and labour market outcomes. Business economics students were surveyed at two universities in England and two universities in the Czech Republic. A mixed-methods approach was used – questionnaires and focus groups - for data collection. First year students expected to earn more on average compared to their final year counterparts, both immediately after graduation and ten years later. Students expected their earnings to grow with education and experience. Students expected to earn more after graduation compared to what they would expect had they decided not to go to university. Final year English students who expected to achieve a first class honours degree had higher expectations compared with the rest of the sample. In both countries, final year students who expected to be over educated after graduation anticipated a pay penalty. Final year students believed they would have been financially punished for leaving university during their final year. Students who intended to stay in their home regions after graduation had lower earnings expectations compared to those who were willing to relocate to the capital city or move abroad.

KW - Earnings expectations

KW - Students

KW - Business Schools

KW - Faculties of Economics

KW - Czech Republic

KW - England

UR - http://lef.tul.cz/proceedings.html

M3 - Conference contribution

SN - 9788074944826

SP - 72

EP - 80

BT - Proceedings of the 14th International Conference

A2 - Antlová, Klára

A2 - Semerádová, Tereza

PB - Technical University of Liberec

CY - Liberec

ER -

Benesova M, Anchor J. The Earnings Expectations of Business Economics Students in the Czech Republic and England: the effect of seniority. In Antlová K, Semerádová T, editors, Proceedings of the 14th International Conference: Liberec Economic Forum 2019. Liberec: Technical University of Liberec. 2019. p. 72-80