全球智库信息集成服务系统(G2TT): (Un)Informed College and Major Choice: Evidence from Linked Survey and Administrative Data

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21330
来源ID	Working Paper 21330
	(Un)Informed College and Major Choice: Evidence from Linked Survey and Administrative Data
	Justine S. Hastings; Christopher A. Neilson; Anely Ramirez; Seth D. Zimmerman
发表日期	2015-07-13
出版年	2015
语种	英语
摘要	We use large-scale surveys of Chilean college applicants and college students to explore the way students form beliefs about earnings and cost outcomes at different institutions and majors and how these beliefs relate to degree choice and persistence. Linking our survey records to administrative education and earnings data, we compare earnings and cost expectations to observed values for past students and follow survey participants forward to see how beliefs relate to matriculation and dropout outcomes. We find that students have correctly centered but noisy cost expectations, and appear to systematically overestimate earnings outcomes for past graduates. Students who overestimate costs are less likely to matriculate in any degree program and in their stated first-choice program, and are more likely to drop out. Students who overestimate earnings matriculate at similar rates to other students, but choose degree programs where past students have been less likely to graduate, have earned less early in their careers, and have been more likely to default on student loans. Consistent with an informal model of enrollment choice, students with a stated preference for labor market-related degree characteristics are less likely to overestimate earnings outcomes and choose degrees where past students have gone on to earn more, while the opposite is true for students with a stated preference for enjoyment of the curriculum.
主题	Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Education ; Labor Economics ; Labor Supply and Demand
URL	https://www.nber.org/papers/w21330
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/579003
推荐引用方式 GB/T 7714	Justine S. Hastings,Christopher A. Neilson,Anely Ramirez,et al. (Un)Informed College and Major Choice: Evidence from Linked Survey and Administrative Data. 2015.