Educational Choice, Initial Wage and Wage Growth
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| Publication date | 2020 |
| Series | Tinbergen Institute Discussion Paper, TI 2020-030/III |
| Number of pages | 40 |
| Publisher | Amsterdam: Tinbergen Institute |
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| Abstract | We investigate the major choice of college graduates where we make choice dependent on expected initial wages and expected wage growth per major. We build a model that allows us to estimate these factors semiparametrically and that corrects for selection bias. We estimate the model on the combined NLSY79 and NLSY97 samples. We find markedly different results in expected real wage growth and expected initial wages across majors. Furthermore, the differences in these expectations appear to be relevant for major choice. |
| Document type | Working paper |
| Language | English |
| Related publication | Educational choice, initial wage and wage growth |
| Published at | https://doi.org/10.2139/ssrn.3624745 |
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