Nber Working Paper Series Modeling College Major Choices Using Elicited Measures of Expectations and Counterfactuals

Abstract

The choice of a college major plays a critical role in determining the future earnings of college graduates. Students make their college major decisions in part due to the future earnings streams associated with the different majors. We survey students about what their expected earnings would be both in the major they have chosen and in counterfactual… (More)

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