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An Examination of Higher Education and Ability-Adjusted Income
出版SSRN, 2014
URLhttp://books.google.com.hk/books?id=bxPgzwEACAAJ&hl=&source=gbs_api
註釋We compare annual post-college income across student groups defined by ability levels, school quality, and major using individual-level data from the NLSY 1997. We condition on student ability (quality of the top school admitted to), and study major and school choice together. Elite institution attendance increases post-college income by almost $8,000. Some of this increase is driven by longer working hours. Major choice has a bigger impact on income than school choice. Students majoring in engineering, computer-related fields, and business earn more than humanities and arts majors even after adjusting for ability and hours worked ($23,000 more for top students).