Choosing the field of study in postsecondary education: Do expected earnings matter?

Review of Economics and Statistics

Volumn 94, Issue 1, 2012, Pages 334-347

  Beffy, Magali ^a   Fougère, Denis ^b,c,d   Maurel, Arnaud ^b,d,e  

^a CREST   (France)

^b CNRS   (France)

^c CEPR   (United Kingdom)

^d IZA ^*  (Germany)

^e DUKE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84858592857     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/REST_a_00212     Document Type: Article

References (29)

1. Aghion, Philippe, and Elie Cohen, Education et croissance (Paris: La Documentation Française, 2004).
2. Altonji, Joseph, "The Demand for and Return to Education When Education Outcomes Are Uncertain," Journal of Labor Economics 11 (2003), 48-83.
3. Arcidiacono, Peter, "Ability Sorting and the Returns to College Major," Journal of Econometrics 121 (2004), 343-375.
4. Arcidiacono, Peter "Affirmative Action in Higher Education: How Do Admission and Financial Aid Rules Affect Future Earnings?" Econometrica 73 (2005), 1477-1524.
5. Arcidiacono, Peter, and John B. Jones, "Finite Mixture Distributions, Sequential Likelihood and the EM Algorithm," Econometrica 71 (2003), 933-946.
6. Beffy, Magali, Denis Fougère, and Arnaud Maurel, "Choosing the Field of Study in Post-Secondary Education: DoExpected Earnings Matter?" IZA discussion paper no. 4127 (April: 2009).
7. Belzil, Christian, and Jorgen Hansen, "Unobserved Ability and the Return to Schooling," Econometrica 70 (2002), 2075-2091.
8. Belzil, Christian, "Earnings Dispersion, Risk Aversion and Education," Research in Labor Economics 23 (2004), 335-358.
9. Berger, Mark C., "Predicted Future Earnings and Choice of College Major," Industrial and Labor Relations Review 41 (1988), 418-429.
10. Boudarbat, Brahim, and Claude Montmarquette, "Choice of Fields of Study of University Canadian Graduates: The Role of Gender and Their Parents' Education," Education Economics 17 (2009), 185-213.
11. Brewer, Dominic J., Eric Eide, and Ronald G. Ehrenberg, "Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings," Journal of Human Resources 34 (1999), 104-123.
12. Brodaty, Thomas, Robert J. Gary-Bobo, and Ana Prieto, "Risk Aversion and Human Capital Investment: A Structural Econometric Model," CEPR discussion paper no. 5694 (2006).
13. Cameron, Stephen V., and James J. Heckman, "Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males," Journal of Political Economy 106 (1998), 262-333.
14. Cameron, Stephen V., and James J. Heckman, "The Dynamics of Educational Attainment for Black, Hispanic, and White Males," Journal of Political Economy 109 (2001), 455-499.
15. Carneiro, Pedro, Karsten T. Hansen, and James J. Heckman, "Estimating Distributions of Counterfactuals with an Application to the Returns to Schooling and Measurement of the Effect of Uncertainty on Schooling Choice," International Economic Review 44 (2003), 361-422.
16. Dempster, Arthur P., Nan M. Laird, and Donald B. Rubin, "Maximum Likelihood from Incomplete Data via the EM Algorithm," Journal of the Royal Statistical Society, Series B 39 (1977), 1-38.
17. Eckstein, Zvi, and Kenneth I. Wolpin, "Why Youths Drop Out of High School: The Impact of Preferences, Opportunities and Abilities," Econometrica 67 (1999), 1295-1339.
18. Freeman, Richard B., The Market for College-Trained Manpower (Cambridge, MA: Harvard University Press, 1971).
19. Freeman, Richard B., "Supply and Salary Adjustments to the Changing Science Manpower Market: Physics, 1948-1973," American Economic Review 65 (1975), 27-39.
20. Heckman, James J., and Burton Singer, "A Method for Minimizing the Impact of Distributional Assumptions in Econometric Models for Duration Data," Econometrica 52 (1984), 271-320.
21. James, Estelle, Nabeel Alsalam, Joseph C. Conaty, and Duc-Le To, "College Quality and Future Earnings: Where Should You Send Your Child to College?" American Economic Review, Papers and Proceedings 79 (1989), 247-252.
22. Keane, Michael P., and Kenneth I.Wolpin, "The Career Decisions of Young Men," Journal of Political Economy 105 (1997), 473-522.
23. Keane, Michael P., and Kenneth I.Wolpin, "The Effect of Parental Transfers and Borrowing Constraints on Educational Attainment," International Economic Review 42 (2001), 1051-1103.
24. Lee, Donghoon, "An Estimable Dynamic General Equilibrium Model of Work, Schooling, and Occupational Choice," International Economic Review 46 (2005), 1-34.
25. Loury, Linda D., and David Garman, "College Selectivity and Earnings," Journal of Labor Economics 13 (1998), 289-308.
26. Manski, Charles F., "Adolescent Econometricians: HowDoYouths Infer the Returns to Schooling?" in Charles T. Clotfelter and Michael Rothschild (Eds.), Studies of Supply and Demand in Higher Education (Chicago: University of Chicago Press, 1993).
27. OECD, Evolution of Student Interest in Science and Technology Studies (Paris: OECD, 2008).
28. Oreopoulos, Philip, Till von Wachter, and Andrew Heisz, "The Short- and Long-Term Career Effects of Graduating in a Recession: Hysteresis and Heterogeneity in the Market for College Graduates," IZA discussion paper no. 3578 (2008).
29. Willis, Robert J., and Sherwin Rosen, "Education and Self-Selection," Journal of Political Economy 87 (1979), S7-S36.