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Is Economics a Good Major for Future Lawyers? Evidence from Earnings Data

Listed author(s):
  • Winters, John V.

    ()

    (Oklahoma State University)

The current study examines earnings differences for practicing lawyers by undergraduate major with a focus on economics majors. Some majors do much better than others. Economics majors tend to do very well in both median and mean earnings, and both without and with controlling for individual characteristics. Electrical engineering, accounting, finance, and some other majors also do relatively well. This information is useful for undergraduates planning to attend law school and considering what undergraduate major field to study. Economics appears to be a very good option.

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File URL: http://ftp.iza.org/dp9416.pdf
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 9416.

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Length: 15 pages
Date of creation: Oct 2015
Publication status: published in: Journal of Economic Education, 2016, 47 (2), 187-191
Handle: RePEc:iza:izadps:dp9416
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IZA, P.O. Box 7240, D-53072 Bonn, Germany

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Order Information: Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
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References listed on IDEAS
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  1. Michael Nieswiadomy, 2010. "LSAT® Scores of Economics Majors: The 2008--9 Class Update," The Journal of Economic Education, Taylor & Francis Journals, vol. 41(3), pages 331-333, June.
  2. Dan A. Black & Seth Sanders & Lowell Taylor, 2003. "The Economic Reward for Studying Economics," Economic Inquiry, Western Economic Association International, vol. 41(3), pages 365-377, July.
  3. John V. Winters & Weineng Xu, 2014. "Geographic Differences in the Earnings of Economics Majors," The Journal of Economic Education, Taylor & Francis Journals, vol. 45(3), pages 262-276, September.
  4. Michael Nieswiadomy, 2014. "LSAT® Scores of Economics Majors: The 2012--13 Class Update," The Journal of Economic Education, Taylor & Francis Journals, vol. 45(1), pages 71-74, March.
  5. Michael Nieswiadomy, 1998. "LSAT Scores of Economics Majors," The Journal of Economic Education, Taylor & Francis Journals, vol. 29(4), pages 377-379, January.
  6. Thomas Carroll & Djeto Assane & Jared Busker, 2014. "Why it Pays to Major in Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 45(3), pages 251-261, September.
  7. Michael Nieswiadomy, 2006. "LSAT Scores of Economics Majors: The 2003-2004 Class Update," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(2), pages 244-247, April.
  8. Sam Allgood & William Bosshardt & Wilbert Van Der Klaauw & Michael Watts, 2011. "Economics Coursework And Long‐Term Behavior And Experiences Of College Graduates In Labor Markets And Personal Finance," Economic Inquiry, Western Economic Association International, vol. 49(3), pages 771-794, 07.
  9. R. Kim Craft & Joe G. Baker, 2003. "Do Economists Make Better Lawyers? Undergraduate Degree Field and Lawyer Earnings," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(3), pages 263-281, January.
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