Choosing the Field of Study in Postsecondary Education: Do Expected Earnings Matter?
| العنوان: | Choosing the Field of Study in Postsecondary Education: Do Expected Earnings Matter? |
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| المؤلفون: | Arnaud Maurel, Denis Fougère, Magali Beffy |
| المصدر: | Review of Economics and Statistics. 94:334-347 |
| بيانات النشر: | MIT Press - Journals, 2012. |
| سنة النشر: | 2012 |
| مصطلحات موضوعية: | Earnings response coefficient, Economics and Econometrics, Earnings, Postsecondary education, education, Econometrics, Business cycle, Economics, Decision model, Social Sciences (miscellaneous) |
| الوصف: | 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. © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology. |
| تدمد: | 1530-9142 0034-6535 |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::883d80dc152db9365488c54622b70614Test https://doi.org/10.1162/rest_a_00212Test |
| حقوق: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....883d80dc152db9365488c54622b70614 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 15309142 00346535 |
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