Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/220067
Authors: 
Mazza, Jacopo
van Ophem, Hans
Year of Publication: 
2020
Series/Report no.: 
Tinbergen Institute Discussion Paper TI 2020-030/III
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 dierences in these expectations appear to be relevant for major choice.
Subjects: 
Wage inequality
Wage uncertainty
Unobserved heterogeneity
Selection bias
Decision-making under Risk and Uncertainty
Semiparametric estimation
JEL: 
J31
C14
C34
D81
Document Type: 
Working Paper

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