Geographic Differences in the Earnings of Economics Majors
AbstractEconomics has been shown to be a relatively high earning college major, but geographic differences in earnings have been largely overlooked. This paper uses the American Community Survey to examine geographic differences in both absolute earnings and relative earnings for economic majors. We find that there are substantial geographic differences in both the absolute and relative earnings of economics majors even controlling for individual characteristics such as age and advanced degrees. We argue that mean earnings in specific labor markets are a better measure of the benefits of majoring in economics than simply looking at national averages.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7584.
Length: 29 pages
Date of creation: Aug 2013
Date of revision:
Publication status: forthcoming in: Journal of Economic Education
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Other versions of this item:
- John V. Winters & Weineng Xu, 2013. "Geographic Differences in the Earnings of Economics Majors," Economics Working Paper Series 1405, Oklahoma State University, Department of Economics and Legal Studies in Business.
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-13 (All new papers)
- NEP-GEO-2013-09-13 (Economic Geography)
- NEP-LAB-2013-09-13 (Labour Economics)
- NEP-LMA-2013-09-13 (Labor Markets - Supply, Demand, & Wages)
You can help add them by filling out this form.
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