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Major Malfunction: A Field Experiment Correcting Undergraduates’ Beliefs about Salaries

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  • John J. Conlon

Abstract

In a field experiment at a flagship state university in the United States, I test whether providing college students salary information can affect their choices of major and classes. I find that undergraduates are substantially misinformed about mean salaries by major. On average, students in my sample underestimate mean salaries, but there is also large heterogeneity in beliefs across individuals. I also find that providing information to correct these errors has a large impact on students’ choices; students in the treatment group were nine percentage points (16 percent) more likely to major in a field about which they received information.

Suggested Citation

  • John J. Conlon, 2021. "Major Malfunction: A Field Experiment Correcting Undergraduates’ Beliefs about Salaries," Journal of Human Resources, University of Wisconsin Press, vol. 56(3), pages 922-939.
    • Handle: RePEc:uwp:jhriss:v:56:y:2021:i:3:p:922-939
    Note: DOI: 10.3368/jhr.56.3.0317-8599R2
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    File URL: http://jhr.uwpress.org/cgi/reprint/56/3/922
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    Citations

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    Cited by:

    1. Pamela Giustinelli, 2022. "Expectations in Education: Framework, Elicitation, and Evidence," Working Papers 2022-026, Human Capital and Economic Opportunity Working Group.
    2. Ege Aksu & Sidhya Balakrishnan & Eric Bettinger & Jonathan S. Hartley & Michael S. Kofoed & Dubravka Ritter & Douglas A. Webber, 2024. "Navigating Higher Education Insurance: An Experimental Study on Demand and Adverse Selection"," Working Papers 24-07, Federal Reserve Bank of Philadelphia.
    3. Ma, Liping & Li, Xin & Zhu, Qiong & Ye, Xiaoyang, 2023. "College-major choice to college-then-major choice: Experimental evidence from Chinese college admissions reforms," Economics of Education Review, Elsevier, vol. 94(C).
    4. Leighton, Margaret & Speer, Jamin D., 2023. "Rich Grad, Poor Grad: Family Background and College Major Choice," IZA Discussion Papers 16099, Institute of Labor Economics (IZA).
    5. Ballarino, Gabriele & Filippin, Antonio & Abbiati, Giovanni & Argentin, Gianluca & Barone, Carlo & Schizzerotto, Antonio, 2022. "The effects of an information campaign beyond university enrolment: A large-scale field experiment on the choices of high school students," Economics of Education Review, Elsevier, vol. 91(C).

    More about this item

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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