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The Role of Heterogeneous Risk Preferences, Discount Rates, and Earnings Expectations in College Major Choice

Patnaik, Arpita - 2020

In this paper, we estimate a rich model of college major choice using a panel of experimentally-derived data. Our estimation strategy combines two types of data: data on self-reported beliefs about future earnings from potential human capital decisions and survey-based measures of risk and time...

Persistent link: https://www.econbiz.de/10012840370

Human Capital Investments and Expectations About Career and Family

Wiswall, Matthew - 2016

. We conducted a survey of high-ability currently enrolled college students and elicited beliefs about how their choice of … earnings, employment, marriage prospects, potential spousal characteristics, and fertility. We find that students perceive …

Persistent link: https://www.econbiz.de/10012984781

College Majors

Patnaik, Arpita; Wiswall, Matthew; Zafar, Basit - 2022

This article reviews the recent literature on the determinants of college major choices. We first highlight long-term trends and persistent differences in college major choices by gender, race, and family background. We then review the existing research in six key areas: expected earnings and...

Persistent link: https://www.econbiz.de/10014094630

Preference for the Workplace, Human Capital, and Gender

Wiswall, Matthew - 2016

quantify how much these preferences influence pre-labor market human capital investments. Undergraduate students are presented … job attribute preferences to major choice. Using data on students' perceptions about the demand side of the labor market …--beliefs about expected attributes of jobs students anticipate being offered if they were to complete particular majors--we find that …

Persistent link: https://www.econbiz.de/10012994373