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. This paper uses the American Community Survey to examine geographic differences in both absolute earnings and relative earnings for economic majors. We find that there are substantial geographic differences in both the absolute and relative earnings of economics majors even controlling for individual characteristics such as age and advanced degrees. We 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.
|Date of creation:||Aug 2013|
|Date of revision:|
|Contact details of provider:|| Web page: http://spears.okstate.edu/ecls-working-papers/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kathy Cannings & Sophie Mahseredjian & Claude Montmarquette, 1997.
"How Do Young People Choose College Majors ?,"
CIRANO Working Papers
- MONTMARQUETTE, Claude & CANNINGS, Kathy & MAHSEREDJIAN, Sophie, 1997. "How do Young People Choose College Majors?," Cahiers de recherche 9719, Universite de Montreal, Departement de sciences economiques.
- Montmarquette, C. & Cannings, C. & Mahseredjian,S., 1997. "How do Young People Choose College Majors?," Cahiers de recherche 9719, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Dumond, J Michael & Hirsch, Barry T & Macpherson, David A, 1999.
"Wage Differentials across Labor Markets and Workers: Does Cost of Living Matter?,"
Western Economic Association International, vol. 37(4), pages 577-98, October.
- DuMond J.M. & Hisch, B.T. & Macpherson, D.A., 1996. "Wage Differentials Across Labor Markets and Workers: Does Cost of Living Matter?," Working Papers 1996_08_01, Department of Economics, Florida State University.
- Finnie, Ross & Frenette, Marc, 2003. "Earning differences by major field of study: evidence from three cohorts of recent Canadian graduates," Economics of Education Review, Elsevier, vol. 22(2), pages 179-192, April.
- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug..
- Sam Allgood & William Bosshardt & Wilbert van der Klaauw & Michael Watts, 2012.
"Is Economics Coursework, or Majoring in Economics, Associated with Different Civic Behaviors?,"
The Journal of Economic Education,
Taylor & Francis Journals, vol. 43(3), pages 248-268, July.
- Sam Allgood & William Bosshardt & Wilbert Van der Klaauw & Michael Watts, 2010. "Is economics coursework, or majoring in economics, associated with different civic behaviors?," Staff Reports 450, Federal Reserve Bank of New York.
- Yankow, Jeffrey J., 2006. "Why do cities pay more? An empirical examination of some competing theories of the urban wage premium," Journal of Urban Economics, Elsevier, vol. 60(2), pages 139-161, September.
- Annette Alstadsæter, 2011.
"Measuring the Consumption Value of Higher Education,"
CESifo Economic Studies,
CESifo, vol. 57(3), pages 458-479, September.
- Annette AlstadsÃ¦ter, 2004. "Measuring the consumption value of higher education," Econometric Society 2004 Australasian Meetings 40, Econometric Society.
- Annette Alstadsæter, 2009. "Measuring the Consumption Value of Higher Education," CESifo Working Paper Series 2799, CESifo Group Munich.
- Joseph G. Altonji & Erica Blom & Costas Meghir, 2012.
"Heterogeneity in Human Capital Investments: High School Curriculum, College Major, and Careers,"
NBER Working Papers
17985, National Bureau of Economic Research, Inc.
- Joseph G. Altonji & Erica Blom & Costas Meghir, 2012. "Heterogeneity in Human Capital Investments: High School Curriculum, College Major, and Careers," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 185-223, 07.
- Edward L. Glaeser & David C. Mare, 1994.
"Cities and Skills,"
NBER Working Papers
4728, National Bureau of Economic Research, Inc.
- Freeman, James A. & Hirsch, Barry T., 2008.
"College majors and the knowledge content of jobs,"
Economics of Education Review,
Elsevier, vol. 27(5), pages 517-535, October.
- Chevalier, Arnaud, 2011.
"Subject choice and earnings of UK graduates,"
Economics of Education Review,
Elsevier, vol. 30(6), pages 1187-1201.
- Rumberger, Russell W. & Thomas, Scott L., 1993. "The economic returns to college major, quality and performance: A multilevel analysis of recent graduates," Economics of Education Review, Elsevier, vol. 12(1), pages 1-19, March.
- Winters, John V., 2009. "Wages and prices: Are workers fully compensated for cost of living differences?," Regional Science and Urban Economics, Elsevier, vol. 39(5), pages 632-643, September.
- Eide, Eric R. & Showalter, Mark H., 2011. "Estimating the relation between health and education: What do we know and what do we need to know?," Economics of Education Review, Elsevier, vol. 30(5), pages 778-791, October.
- Lars Lefgren & Frank McIntyre, 2006. "The Relationship between Women's Education and Marriage Outcomes," Journal of Labor Economics, University of Chicago Press, vol. 24(4), pages 787-830, October.
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:okl:wpaper:1405. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Harounan Kazianga)
If references are entirely missing, you can add them using this form.