Knowledge of earnings risk and major choice: evidence from an information experiment

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Author: Ruder, Alexander I.; Van Noy, Michelle


Policymakers increasingly seek to inform students about the expected economic returns to different college majors. Less attention has been given to the earnings risk of major choice. In this paper, [the authors] use an experiment to study the impact of an information intervention by providing individuals with data that show the earnings risk of a major choice. [The authors'] intervention allows [them] to compare earnings risk and major preferences among a group who is informed about earnings risk compared to a group not given information about risk. [The authors'] results show that...  [+] Show more

Subjects: Economics; Outcomes; Career development; Skills and knowledge; Higher education

Keywords: Economics of education and training; Career choice; Career information; Human capital; Return on education and training; Decision making

Geographic subjects: United States; North America

Published: Oxford, England: Elsevier, 2017

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Journal volume: 57

Journal date: April 2017

Pages: pp. 80-90

ISSN: 0272-7757

Resource type: Article

Peer reviewed: Yes

Call number: TD/TNC 128.249

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