Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336480 
Year of Publication: 
2025
Series/Report no.: 
Discussion Papers No. 1027
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
Financial and quantitative education, such as pursuing a degree in business or economics, should potentially equip individuals with the skills to better allocate their financial resources. This paper leverages discontinuities in admission cutoffs in the Norwegian higher education system to estimate the causal effect of entering a field of study on returns to wealth later in life. We find no statistically significant impact of entering any field of study on returns to wealth later in life, mainly because our estimation sample is too small to confidently identify the effect of field of study on returns to wealth. We thus conclude that we still do not know whether completing a specific field of study affects returns to wealth.
Subjects: 
Education and Inequality
College Admission
JEL: 
I24
Document Type: 
Working Paper

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