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How do Young People Choose College Majors?

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  • Montmarquette, C.
  • Cannings, C.
  • Mahseredjian,S.

Abstract

Previous studies on the determinants of the choice of college major have assumed a constant probability of sucess across majors or a constant earnings streamacross majors. Our model disregards these two restrictive assumptions in computing an expected earnings variable to explain the probability that student will choose a specific major among four choices of concentrations.

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Bibliographic Info

Paper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ in its series Cahiers de recherche with number 9719.

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Length: 29 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:mtl:montec:9719

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Keywords: EDUCATION;

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References

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  1. Mattila, J. Peter & Orazem, Peter, 1986. "Occupational Entry and Uncertainty: Males Leaving High School," Staff General Research Papers 10847, Iowa State University, Department of Economics.
  2. Mark C. Berger, 1988. "Predicted future earnings and choice of college major," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 41(3), pages 418-429, April.
  3. Lee, Lung-Fei, 1983. "Generalized Econometric Models with Selectivity," Econometrica, Econometric Society, vol. 51(2), pages 507-12, March.
  4. ENGLE, Robert F. & HENDRY, David F. & RICHARD, Jean-François, . "Exogeneity," CORE Discussion Papers RP -516, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Engle, Robert F & Hendry, David F & Richard, Jean-Francois, 1983. "Exogeneity," Econometrica, Econometric Society, vol. 51(2), pages 277-304, March.
  5. Paglin, Morton & Rufolo, Anthony M, 1990. "Heterogeneous Human Capital, Occupational Choice, and Male-Female Earnings Differences," Journal of Labor Economics, University of Chicago Press, vol. 8(1), pages 123-44, January.
  6. Rogers, Alan R, 1994. "Evolution of Time Preference by Natural Selection," American Economic Review, American Economic Association, vol. 84(3), pages 460-81, June.
  7. Cannings, K. & Montmarquette, C. & Mahseredjian, S., 1994. "Major Choice: Undergraduate Concentrations and the Probability of Graduation," Cahiers de recherche 9419, Universite de Montreal, Departement de sciences economiques.
  8. Berger, Mark C., 1988. "Cohort size effects on earnings: Differences by college major," Economics of Education Review, Elsevier, vol. 7(4), pages 375-383, August.
  9. Jack Fiorito & Robert C. Duffenbach, 1982. "Market and nonmarket influences on curriculum choice by college students," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 36(1), pages 88-101, October.
  10. Saul Hoffman & Greg Duncan, 1988. "Multinomial and conditional logit discrete-choice models in demography," Demography, Springer, vol. 25(3), pages 415-427, August.
  11. Polachek, Solomon William, 1981. "Occupational Self-Selection: A Human Capital Approach to Sex Differences in Occupational Structure," The Review of Economics and Statistics, MIT Press, vol. 63(1), pages 60-69, February.
  12. Stern, David & Paik, IL-Woo & Catterali, James S. & Nakata, Yoshi-Fumi, 1989. "Labor market experience of teenagers with and without high school diplomas," Economics of Education Review, Elsevier, vol. 8(3), pages 233-246, June.
  13. Altonji, Joseph G, 1993. "The Demand for and Return to Education When Education Outcomes Are Uncertain," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages 48-83, January.
  14. Blakemore, Arthur E & Low, Stuart A, 1984. "Sex Differences in Occupational Selection: The Case of College Majors," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 157-63, February.
  15. Zalokar, Nadja, 1988. "Male-Female Differences in Occupational Choice and the Demand for General and Occupation-Specific Human Capital," Economic Inquiry, Western Economic Association International, vol. 26(1), pages 59-74, January.
  16. Francine D. Blau, 1990. "Career Plans and Expectations of Young Women and Men: The Earnings Gap and Labor Force Participation," NBER Working Papers 3445, National Bureau of Economic Research, Inc.
  17. Bhat, Chandra R., 1995. "A heteroscedastic extreme value model of intercity travel mode choice," Transportation Research Part B: Methodological, Elsevier, vol. 29(6), pages 471-483, December.
  18. Hartog, Joop & Pfann, Gerard & Ridder, Geert, 1989. "(Non-)graduation and the earnings function : An inquiry on self-selection," European Economic Review, Elsevier, vol. 33(7), pages 1373-1395, September.
  19. Manski, C.F., 1991. "Adolescent Econometricians : How Do Youth Infer the Returns to Schooling," Working papers 9110, Wisconsin Madison - Social Systems.
  20. Peter Rupert & Mark E. Schweitzer & Eric Severance-Lossin & Erin Turner, 1996. "Earnings, education and experience," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 2-12.
  21. Kodde, David A, 1986. "Uncertainty and the Demand for Education," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 460-67, August.
  22. Rumberger, Russell W. & Thomas, Scott L., 1993. "The economic returns to college major, quality and performance: A multilevel analysis of recent graduates," Economics of Education Review, Elsevier, vol. 12(1), pages 1-19, March.
  23. Flyer, Fredrick A, 1997. "The Influence of Higher Moments of Earnings Distributions on Career Decisions," Journal of Labor Economics, University of Chicago Press, vol. 15(4), pages 689-713, October.
  24. Rumberger, Russell W., 1984. "The changing economic benefits of college graduates," Economics of Education Review, Elsevier, vol. 3(1), pages 3-11, February.
  25. Julian R. Betts, 1996. "What Do Students Know about Wages? Evidence from a Survey of Undergraduates," Journal of Human Resources, University of Wisconsin Press, vol. 31(1), pages 27-56.
  26. Sarah E. Turner & William G. Bowen, 1999. "Choice of major: The changing (unchanging) gender gap," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 52(2), pages 289-313, January.
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