The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
Choosing the Field of Study in Postsecondary Education: Do Expected Earnings Matter?
Abstract
This paper examines the determinants of the choice of the college major when the length of studies and future earnings are uncertain. We estimate a three-stage schooling decision model, focusing on the effect of expected earnings on major choice. We control for dynamic selection through the use of mixture distributions. Exploiting variations across the French business cycle in the relative returns to the majors, our results yield a very low, though significant, elasticity of major choice to expected earnings. This suggests that at least for the French university context, nonpecuniary factors are a key determinant of schooling choices.
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Cites
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McLachlan, G., & Peel, D. (2000) · Wiley Series in Probability and Statistics · doi:10.1002/0471721182 · Cited by 10,991
Discrete Choice Methods with Simulation
Train, K. E. (2001) · doi:10.1017/cbo9780511805271 · Cited by 7,784
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Cited by
Determinants of College Major Choice: Identification using an Information Experiment
Wiswall, M., & Zafar, B. (2015) · The Review of Economic Studies · doi:10.1093/restud/rdu044 · Cited by 533
Are Some Degrees Worth More than Others? Evidence from college admission cutoffs in Chile
Hastings, J., Neilson, C., & Zimmerman, S. (2013) · doi:10.3386/w19241 · Cited by 234
Field of Study in College and Lifetime Earnings in the United States
Kim, C., Tamborini, C. R., & Sakamoto, A. (2015) · Sociology of Education · doi:10.1177/0038040715602132 · Cited by 162
State Merit Aid Programs and College Major: A Focus on STEM
Sjoquist, D. L., & Winters, J. V. (2015) · Journal of Labor Economics · doi:10.1086/681108 · Cited by 73
Andrews, R. J., & Stange, K. M. (2019) · American Economic Journal: Economic Policy · doi:10.1257/pol.20170306 · Cited by 35
Metadata
- Authors
- Beffy, M., Fougère, D., & Maurel, A.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press
- Published
- 2012-02
- Volume
- 94
- Issue
- 1
- Pages
- 334-347
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W2119044790
- Cited by
- 264
- References
- 40
- FWCI
- 76.19
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
