Geographic Differences in the Earnings of Economics Majors
Economics has been shown to be a relatively high-earning college major, but geographic differences in earnings have been largely overlooked. The authors of this article use the American Community Survey to examine geographic differences in both absolute earnings and relative earnings for economics majors. They find that there are substantial geographic differences in both the absolute and relative earnings of economics majors, even when controlling for individual characteristics such as age, education, occupation, and industry. They 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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Volume (Year): 45 (2014)
Issue (Month): 3 (September)
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