Beffy, Magali; Fougère, Denis; Maurel, Arnaud - In: The Review of Economics and Statistics 94 (2012) 1, pp. 334-347
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...