Labour Market Expectations and Occupational Choice: Evidence from Teaching

40 Pages Posted: 15 Mar 2023

See all articles by Joshua Fullard

Joshua Fullard

University of Warwick - Warwick Business School; University of Essex - Institute for Social and Economic Research (ISER)

Multiple version iconThere are 3 versions of this paper

Date Written: March 11, 2023

Abstract

Using new data on teachers’ intentions to leave the profession, subjective expectations about labour market outcomes and a modified discrete-choice experiment we find that i) teachers are systematically misinformed about population earnings, and misinformation is correlated with attrition intentions; ii) non-pecuniary factors are the most cost-effective method of reducing teacher attrition; and iii) attrition intentions are more affected by reductions in workplace amenities than symmetric improvements, suggesting preventing cuts is more important that rolling out more generous benefits. Linking our survey data to teachers’ administrative records we provide the first evidence that teachers attrition intentions are strong predictors of actual behaviour.

Keywords: teacher labour markets, subjective expectations

JEL Classification: I20, J30, J45, C90

Suggested Citation

Fullard, Joshua, Labour Market Expectations and Occupational Choice: Evidence from Teaching (March 11, 2023). Available at SSRN: https://ssrn.com/abstract=4384928 or http://dx.doi.org/10.2139/ssrn.4384928

Joshua Fullard (Contact Author)

University of Warwick - Warwick Business School ( email )

Coventry CV4 7AL
United Kingdom

University of Essex - Institute for Social and Economic Research (ISER) ( email )

Wivenhoe Park
Colchester CO4 3SQ
United Kingdom

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