Abstract
AbstractStudying abroad acts as investment in human capital and ideally outweighs associated investment costs due to higher earnings or related non-monetary benefits. We estimate monetary returns to studying abroad for female graduates 1 and 5 years after graduation. The empirical estimates—based on panel data from four graduate cohorts in 1997, 2001, 2005, and 2009—confirm positive returns to studying abroad. Mobile females earn 3.2% higher wages compared to non-mobiles at labor market entry. These initial wage gains tend to improve further over time, resulting in about 4.0% higher earnings for mobile females 5 years after graduation. Detailed consideration of different socio-economic groups reveals that female graduates from non-academic backgrounds and females majoring in social sciences benefit most. Studying abroad, therefore, has positive effects on later income of female graduates.
Funder
Gottfried Wilhelm Leibniz Universität Hannover
Publisher
Springer Science and Business Media LLC
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