Choosing the field of study in postsecondary education: Do expected earnings matter?
Publication
, Journal Article
Beffy, M; Fougère, D; Maurel, A
Published in: Review of Economics and Statistics
2012
This paper examines the determinants of the choice of the college major when the length of studies and future earnings are uncertain. We estimate a three-stage schooling decision model, focusing on the effect of expected earnings on major choice. We control for dynamic selection through the use of mixture distributions. Exploiting variations across the French business cycle in the relative returns to the majors, our results yield a very low, though significant, elasticity of major choice to expected earnings. This suggests that at least for the French university context, nonpecuniary factors are a key determinant of schooling choices. © 2011 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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Published In
Review of Economics and Statistics
DOI
ISSN
0034-6535
Publication Date
2012
Volume
94
Issue
1
Start / End Page
334 / 347
Related Subject Headings
- Economics
- 3802 Econometrics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics
Citation
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Beffy, M., Fougère, D., & Maurel, A. (2012). Choosing the field of study in postsecondary education: Do expected earnings matter? Review of Economics and Statistics, 94(1), 334–347. https://doi.org/10.1162/REST_a_00212
Beffy, M., D. Fougère, and A. Maurel. “Choosing the field of study in postsecondary education: Do expected earnings matter?” Review of Economics and Statistics 94, no. 1 (2012): 334–47. https://doi.org/10.1162/REST_a_00212.
Beffy M, Fougère D, Maurel A. Choosing the field of study in postsecondary education: Do expected earnings matter? Review of Economics and Statistics. 2012;94(1):334–47.
Beffy, M., et al. “Choosing the field of study in postsecondary education: Do expected earnings matter?” Review of Economics and Statistics, vol. 94, no. 1, 2012, pp. 334–47. Scival, doi:10.1162/REST_a_00212.
Beffy M, Fougère D, Maurel A. Choosing the field of study in postsecondary education: Do expected earnings matter? Review of Economics and Statistics. 2012;94(1):334–347.
Published In
Review of Economics and Statistics
DOI
ISSN
0034-6535
Publication Date
2012
Volume
94
Issue
1
Start / End Page
334 / 347
Related Subject Headings
- Economics
- 3802 Econometrics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics