The Role of Nonpecuniary Considerations: Location Decisions of College Graduates From Low-Income Backgrounds

• 成果类型: Article
• 署名作者: Gong, Yifan; Stinebrickner, Todd; Stinebrickner, Ralph; Yao, Yuxi
• 署名单位: University of Nebraska System; University of Nebraska Lincoln; Western University (University of Western Ontario)
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12763
• 发表日期: 2025
• 页码: 903-931
• 关键词: initial beliefs; coal boom; expectations; constraints; IMPACT; determinants; preferences; students; outcomes; ability

摘要

We examine the initial postcollege geographic location decisions of students from low-income backgrounds, focusing on the role of nonpecuniary considerations. Novel survey questions, in the spirit of the contingent valuation approach, allow us to characterize the full nonpecuniary benefits of each relevant location in dollar equivalents. Supplementing data on perceived location choice probabilities and wage expectations with our nonpecuniary measures allows us to estimate a stylized location choice model and obtain a comprehensive understanding of the importance of pecuniary and nonpecuniary factors. We also combine the nonpecuniary measures with realized location and earnings outcomes to characterize inequality in overall welfare.