IDEAS home Printed from
   My bibliography  Save this article

The Role of the Option Value of College Attendance in College Major Choice


  • Eide, Eric
  • Waehrer, Geetha


No abstract is available for this item.

Suggested Citation

  • Eide, Eric & Waehrer, Geetha, 1998. "The Role of the Option Value of College Attendance in College Major Choice," Economics of Education Review, Elsevier, vol. 17(1), pages 73-82, February.
  • Handle: RePEc:eee:ecoedu:v:17:y:1998:i:1:p:73-82

    Download full text from publisher

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Weiler, William C., 1994. "Expectations, undergraduate debt and the decision to attend graduate school: a simultaneous model of student choice," Economics of Education Review, Elsevier, vol. 13(1), pages 29-41, March.
    2. 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 123-144, January.
    3. Campbell, J M, Jr & Curtis, Thomas D, 1975. "Graduate Education and Private Rates of Return: A Review of Theory and Empiricism," Economic Inquiry, Western Economic Association International, vol. 13(1), pages 99-118, March.
    4. Burton A. Weisbrod, 1962. "Education and Investment in Human Capital," Journal of Political Economy, University of Chicago Press, vol. 70, pages 106-106.
    5. 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 157-163, February.
    6. Stock, James H & Wise, David A, 1990. "Pensions, the Option Value of Work, and Retirement," Econometrica, Econometric Society, vol. 58(5), pages 1151-1180, September.
    7. 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.
    8. W. Norton Grubb, 1993. "The Varied Economic Returns to Postsecondary Education: New Evidence from the Class of 1972," Journal of Human Resources, University of Wisconsin Press, vol. 28(2), pages 365-382.
    9. Jeff Grogger & Eric Eide, 1995. "Changes in College Skills and the Rise in the College Wage Premium," Journal of Human Resources, University of Wisconsin Press, vol. 30(2), pages 280-310.
    10. 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.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Rita van Deuren & Sicco C. Santema, 2012. "How to choose your minor? Decision making variables used in the selection of a minor by undergraduate students from a Dutch university of applied sciences," Working Papers 2012/06, Maastricht School of Management.
    2. Hilmer, Michael J. & Hilmer, Christiana E., 2012. "On the relationship between student tastes and motivations, higher education decisions, and annual earnings," Economics of Education Review, Elsevier, vol. 31(1), pages 66-75.
    3. Stevenson, Adam, 2013. "The male–female gap in post-baccalaureate school quality," Economics of Education Review, Elsevier, vol. 36(C), pages 153-165.
    4. Ann L. Owen & Elizabeth J. Jensen, 2008. "Social Learning and Course Choice," International Review of Economic Education, Economics Network, University of Bristol, vol. 7(1), pages 9-35.
    5. Naderi, A. & Mace, J., 2003. "Education and earnings: a multilevel analysis: A case study of the manufacturing sector in Iran," Economics of Education Review, Elsevier, vol. 22(2), pages 143-156, April.
    6. repec:spr:reihed:v:58:y:2017:i:4:d:10.1007_s11162-016-9431-1 is not listed on IDEAS
    7. repec:spr:empeco:v:52:y:2017:i:4:d:10.1007_s00181-016-1121-5 is not listed on IDEAS
    8. Matthew Wiswall & Basit Zafar, 2016. "Human Capital Investments and Expectations about Career and Family," NBER Working Papers 22543, National Bureau of Economic Research, Inc.
    9. Ehrenberg, R.G.Ronald G., 2004. "Econometric studies of higher education," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 19-37.
    10. Rask, Kevin, 2010. "Attrition in STEM fields at a liberal arts college: The importance of grades and pre-collegiate preferences," Economics of Education Review, Elsevier, vol. 29(6), pages 892-900, December.
    11. Eide, Eric & Brewer, Dominic J. & Ehrenberg, Ronald G., 1998. "Does it pay to attend an elite private college? Evidence on the effects of undergraduate college quality on graduate school attendance," Economics of Education Review, Elsevier, vol. 17(4), pages 371-376, October.
    12. Dolton, P. J. & Vignoles, A., 2002. "Is a broader curriculum better?," Economics of Education Review, Elsevier, vol. 21(5), pages 415-429, October.
    13. Bradley, Elizabeth S., 2012. "The Effect of the Business Cycle on Freshman Major Choice," MPRA Paper 42412, University Library of Munich, Germany.
    14. Matthew Wiswall & Basit Zafar, 2015. "Determinants of College Major Choice: Identification using an Information Experiment," Review of Economic Studies, Oxford University Press, vol. 82(2), pages 791-824.
    15. Webber, Douglas A., 2014. "The lifetime earnings premia of different majors: Correcting for selection based on cognitive, noncognitive, and unobserved factors," Labour Economics, Elsevier, vol. 28(C), pages 14-23.
    16. Changhui Kang, 2004. "University Prestige and Choice of Major Field: Evidence from South Korea," Econometric Society 2004 Far Eastern Meetings 544, Econometric Society.
    17. Bedard, Kelly & Herman, Douglas A., 2008. "Who goes to graduate/professional school? The importance of economic fluctuations, undergraduate field, and ability," Economics of Education Review, Elsevier, vol. 27(2), pages 197-210, April.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecoedu:v:17:y:1998:i:1:p:73-82. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.