In this paper, I analyze how the higher education decision of young adults in Germany depends on their expected future earnings. For this, I estimate a microeconometric model in which individuals maximize life-time utility by choosing whether or not to enter higher education. To forecast individual life cycles in terms of employment, earnings, and family formation under higher education and its alternative, ...
School of Business and Economics, Freie Universität Berlin,
(Discussion Paper Economics 2021/8)
| Dominik Hügle