| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30331 |
| 来源ID | Working Paper 30331 |
| The Returns to College Major Choice: Average and Distributional Effects, Career Trajectories, and Earnings Variability | |
| Rodney J. Andrews; Scott A. Imberman; Michael F. Lovenheim; Kevin M. Stange | |
| 发表日期 | 2022-08-08 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | There is a growing body of research examining the labor market returns to college major, motivated by the large returns to skill in the labor market. Prior research has focused almost exclusively on mean effects and has paid little attention to the role of earnings growth and variability. Using linked administrative data from Texas on public K-12 students followed through college into the labor market, we find that the focus on mean differences mask four important features of the returns to college majors. First, majors are associated with varying earnings growth, which makes the returns sensitive to the experience distribution of the sample analyzed. Second, average earnings effects vary across workers; quantile treatment effect estimates show that mean effects mask considerable effect heterogeneity. Third, major choice affects earnings variability within workers over time. College major effects on earnings and variability are negatively correlated; high return majors also have more stable earnings. Finally, there is substantial variation in returns across specific majors within aggregate major groups and across institutions. This variation suggests that estimate of returns to college major are sensitive to how majors are aggregated and the composition of institutions in the sample. |
| 主题 | Health, Education, and Welfare ; Education ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w30331 |
| 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/588003 |
| 推荐引用方式 GB/T 7714 | Rodney J. Andrews,Scott A. Imberman,Michael F. Lovenheim,et al. The Returns to College Major Choice: Average and Distributional Effects, Career Trajectories, and Earnings Variability. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w30331.pdf（771KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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