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

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Permanent URL for this page: http://hdl.voced.edu.au/10707/427238.

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

Abstract:

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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