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Author: Keppo, Jussi
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Best, Katharina Keppo, Jussi |
A Major Choice: An Examination of Higher Education and Ability-Adjusted Income Working Paper, Social Science Research Network, January 2014 Cohort(s): NLSY97 Publisher: Social Science Electronic Publishing, Inc. Keyword(s): College Characteristics; College Major/Field of Study/Courses; Higher Education; Income; School Quality Permission to reprint the abstract has not been received from the publisher. We compare annual post-college income across student groups defined by ability levels, school quality, and major using individual-level data from the NLSY 1997. We condition on student ability (quality of the top school admitted to), and study major and school choice together. Elite institution attendance increases post-college income by almost $8,000. Some of this increase is driven by longer working hours. Major choice has a bigger impact on income than school choice. Students majoring in engineering, computer-related fields, and business earn more than humanities and arts majors even after adjusting for ability and hours worked ($23,000 more for top students). |
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Bibliography Citation
Best, Katharina and Jussi Keppo. "A Major Choice: An Examination of Higher Education and Ability-Adjusted Income." Working Paper, Social Science Research Network, January 2014. |