SHIFTS IN INCOME EXPECTATIONS OF CZECH STUDENTS AT SELECTED ECONOMIC FACULTIES OVER THE YEARS 2001 – 2012

The financing of higher education has become a long-range, crucial topic for many governments worldwide. As a part of it, there has also been a big discussion about the possible participation of private sources in financing of the tertiary education in the Czech Republic. The objective of the paper is to analyse and test students’ expectations about their future incomes and to bring a new quantitative argument to the discussion about the implementation of tuition fees at Czech public universities. The authors analysed data from a large survey among students of selected faculties of economics as well as factors which might influence students’ income expectation. The findings provide inspiring comparison and confirm high returns from investment in higher education.