G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w20816
来源IDWorking Paper 20816
Field of Study, Earnings, and Self-Selection
Lars Kirkebøen; Edwin Leuven; Magne Mogstad
发表日期2015-01-05
出版年2015
语种英语
摘要Why do individuals choose different types of post-secondary education, and what are the labor market consequences of those choices? We show that answering these questions is difficult because individuals choose between several unordered alternatives. Even with a valid instrument for every type of education, instrumental variables estimation of the payoffs require information about individuals’ ranking of education types or strong additional assumptions, like constant effects or restrictive preferences. These identification results motivate and guide our empirical analysis of the choice of and payoff to field of study. Our context is Norway’s post-secondary education system where a centralized admission process covers almost all universities and colleges. This process creates credible instruments from discontinuities which effectively randomize applicants near unpredictable admission cutoffs into different fields of study. At the same time, it provides us with strategy-proof measures of individuals’ ranking of fields. Taken together, this allows us to estimate the payoffs to different fields while correcting for selection bias and keeping the next-best alternatives as measured at the time of application fixed. We find that different fields have widely different payoffs, even after accounting for institutional differences and quality of peer groups. For many fields the payoffs rival the college wage premiums, suggesting the choice of field is potentially as important as the decision to enroll in college. The estimated payoffs are consistent with individuals choosing fields in which they have comparative advantage. We also test and reject assumptions of constant effects or restrictive preferences, suggesting that information on next-best alternatives is essential to identify payoffs to field of study.
主题Econometrics ; Estimation Methods ; Labor Economics ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w20816
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/578489
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Lars Kirkebøen,Edwin Leuven,Magne Mogstad. Field of Study, Earnings, and Self-Selection. 2015.
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