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ERIC Number: EJ1032297
Record Type: Journal
Publication Date: 2014
Pages: 11
Abstractor: As Provided
Reference Count: 13
ISBN: N/A
ISSN: ISSN-0022-0485
Why It Pays to Major in Economics
Carroll, Thomas; Assane, Djeto; Busker, Jared
Journal of Economic Education, v45 n3 p251-261 2014
In this article, the authors use a large, recent, and accessible data set to examine the effect of economics major on individual earnings. They find a significant positive earnings gain for economics majors relative to other majors, and this advantage increases with the level of education. Their findings are consistent with Black, Sanders, and Taylor (2003), documenting that about two-thirds of the bachelor's degree premium for economics majors can be attributed to the type of job economics majors perform, and about one-third is a premium that economics majors earn over other workers within the same job.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Postsecondary Education; Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A