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¿Es el ingreso suficiente para explicar cambios en la elección de carrera?

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  • Emanuel Vespa

    () (Departamento de Economía y Administración, Universidad Alberto Hurtado)

Abstract

By influencing her specific labor occupation choice major choices greatly condition the allocation of an individual’s time. Previous economic analysis on the subject has emphasized monetary considerations affecting such a decision, but has been relatively less incisive regarding non pecuniary variables, which are precisely those that psychologists consider as relatively relevant. This paper shows that giving a greater role to non-pecuniary variables may vary and even contradict some previous considerations. In fact, when the non-pecuniary variable enters in the utility function it is shown that if abilities are absolute (being proficient in major i implies being proficient in all others), then average ability will not be affected; whereas, in the relative case, the rise in average ability may be indistinguishable.

Suggested Citation

  • Emanuel Vespa, 2005. "¿Es el ingreso suficiente para explicar cambios en la elección de carrera?," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines, vol. 20(2), pages 63-90, December.
  • Handle: RePEc:ila:anaeco:v:20:y:2005:i:2:p:63-90
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    References listed on IDEAS

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    More about this item

    Keywords

    Undergraduate Major Choice; Dynamic Programming; Simulations;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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