The Discouraged-Business-Major Hypothesis Revisited: Could Economics be the Encouraged-Business-Major?
The term “Discouraged-Business-Major” (DBM) describes students who become discouraged with the rigorous standards of colleges of business and migrate to colleges of arts and sciences to complete a degree in economics under relaxed requirements (Salemi and Eubanks 1996). Following Salemi and Eubanks, the present authors examine a decade of demographic characteristics and ability measures for every economics and business graduate at a large Midwestern university. They find DBMs, but also note that major selection dynamics are much more complex than originally expected. Finally, they employ a multinomial logit model to estimate the marginal effects of student characteristics on major choice.
Volume (Year): 43 (2012)
Issue (Month): 1 (January)
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