Arbeitspapier
Educational Choice, Initial Wage and Wage Growth
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. TI 2020-030/III
- Klassifikation
-
Wirtschaft
Wage Level and Structure; Wage Differentials
Semiparametric and Nonparametric Methods: General
Multiple or Simultaneous Equation Models: Truncated and Censored Models; Switching Regression Models
Criteria for Decision-Making under Risk and Uncertainty
- Thema
-
Wage inequality
Wage uncertainty
Unobserved heterogeneity
Selection bias
Decision-making under Risk and Uncertainty
Semiparametric estimation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mazza, Jacopo
van Ophem, Hans
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Mazza, Jacopo
- van Ophem, Hans
- Tinbergen Institute
Entstanden
- 2020
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