Will Studying Economics Make You Rich? A Regression Discontinuity Analysis of the Returns to College Major

IF 5.5 1区经济学 Q1 ECONOMICS

American Economic Journal-Applied Economics Pub Date : 2022-04-01 DOI:10.1257/app.20200447

Zachary Bleemer,Aashish Mehta

引用次数: 0

Abstract

We investigate the wage return to studying economics by leveraging a policy that prevented students with low introductory grades from declaring a major. Students who barely met the grade point average threshold to major in economics earned $22,000 (46 percent) higher annual early-career wages than they would have with their second-choice majors. Access to the economics major shifts students' preferences toward business/finance careers, and about half of the wage return is explained by economics majors working in higher-paying industries. The causal return to majoring in economics is very similar to observational earnings differences in nationally representative data. (JEL A22, I26, J24, J31)

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学经济学会让你富有吗?大学生专业返校的回归不连续分析

我们通过利用一项政策来调查学习经济学的工资回报，该政策阻止入门成绩低的学生选择专业。那些勉强达到平均绩点门槛的经济学专业学生，在职业生涯早期的年薪比他们的第二选择专业高出22,000美元(46%)。进入经济学专业使学生们对商业/金融职业的偏好发生了转变，大约一半的工资回报可以解释为经济学专业的学生在高薪行业工作。经济学专业的因果回归与全国代表性数据中观察到的收入差异非常相似。(j22, i26, j24, j31)

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来源期刊

American Economic Journal-Applied Economics ECONOMICS-

CiteScore

9.10

自引率

1.60%

发文量

期刊介绍： American Economic Journal: Applied Economics publishes papers covering a range of topics in applied economics, with a focus on empirical microeconomic issues. In particular, we welcome papers on labor economics, development microeconomics, health, education, demography, empirical corporate finance, empirical studies of trade, and empirical behavioral economics.