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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
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The Effect of Labor Market Information on Community College Students’ Major Choice
Baker, Rachel - 2017
An important goal of community colleges is to prepare students for the labor market. But are students aware of the … labor market outcomes in different majors? And how much do students weigh labor market outcomes when choosing a major? In … this study we find that less than 40% of a sample of community college students in California rank broad categories of …
Persistent link: https://www.econbiz.de/10012957996
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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
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Eliciting Student Expectations of the Returns to Schooling
Dominitz, Jeff; Manski, Charles F. - 2021
) survey eliciting from high school students and college undergraduates their expectations of the income they would earn if …
Persistent link: https://www.econbiz.de/10013221866
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Is it All Worth it? The Experiences of New Phds on the Job Market, 2007-2010
Helppie-McFall, Brooke; Murray-Close, Marta; Willis, … - 2021
This paper describes the job market experiences of new PhD economists, 2007-10. Using information from PhD programs' job candidate websites and original surveys, the authors present information about job candidates' characteristics, preferences and expectations; how job candidates fared at each...
Persistent link: https://www.econbiz.de/10013224362
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Are There Returns to the Wages of Young Men from Working While in School?
Hotz, V. Joseph; Xu, Lixin Colin; Tienda, Marta; … - 2021
This paper examines the impacts of work experience acquired while youth were in high school (and college) on young men's wage rates during the 1980s and 1990s. Previous studies have found evidence of sizeable and persistent rates of return to working while enrolled in school, especially high...
Persistent link: https://www.econbiz.de/10013225393
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Heterogeneous Beliefs and School Choice Mechanisms
Kapor, Adam - 2018
This paper studies how welfare outcomes in centralized school choice depend on the assignment mechanism when participants are not fully informed. Using a survey of school choice participants in a strategic setting, we show that beliefs about admissions chances differ from rational expectations...
Persistent link: https://www.econbiz.de/10012910305
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Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation
Hanushek, Eric A. - 2010
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10012758020
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Estimating the Return to Schooling : Progress on Some Persistent Econometric Problems
Card, David - 2021
This paper reviews a set of recent studies that have attempted to measure the causal effect of education on labor market earnings by using institutional features of the supply side of the education system as exogenous determinants of schooling outcomes. A simple theoretical model that highlights...
Persistent link: https://www.econbiz.de/10013237248
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The Demand for and Return to Education When Education Outcomes are Uncertain
Altonji, Joseph G. - 2021
The vast literature on human capital and earnings assumes that individuals know in advance that they will complete a particular program of schooling. This paper treats education as a sequential choice that is made under uncertainty. A simple two period structural model is used to explore the...
Persistent link: https://www.econbiz.de/10013245524