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Title: Predicted Future Earnings and Choice of College Major
Resulting in 1 citation.
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Berger, Mark Charles |
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Predicted Future Earnings and Choice of College Major Industrial and Labor Relations Review 41,3 (April 1988): 418-429. Also: http://www.jstor.org/stable/2523907 Cohort(s): Young Men Publisher: New York State School of Industrial and Labor Relations, Cornell University Keyword(s): College Education; College Major/Field of Study/Courses; Earnings; Educational Returns Various models have been suggested to determine how individuals predict future earnings when choosing a college major. These competing models are tested by estimating conditional logit models that incorporate alternative predicted future earnings measures. Information from the National Longitudinal Survey of Young Men is utilized. Predicted beginning earnings and predicted future earnings streams are used to compare the results to determine whether individuals are myopic or forward-looking when making their college major decisions. The findings show that, holding family background characteristics constant, individuals are likely to choose majors offering greater streams of future earnings rather than, as some have argued, majors with higher beginning earnings at the time of choice. In addition, earnings profiles corrected for self-selection bias have flattened for more recent graduates in business, liberal arts, and education. [ABI/INFORM] |
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Bibliography Citation
Berger, Mark Charles. "Predicted Future Earnings and Choice of College Major." Industrial and Labor Relations Review 41,3 (April 1988): 418-429.
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