Heterogeneity in Human Capital Investments: High School Curriculum, College Major, and Careers. NBER Working Paper No. 17985

Autor/inn/en	Altonji, Joseph G.; Blom, Erica; Meghir, Costas
Institution	National Bureau of Economic Research
Titel	Heterogeneity in Human Capital Investments: High School Curriculum, College Major, and Careers. NBER Working Paper No. 17985
Quelle	(2012) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Majors (Students); Human Capital; High Schools; Labor Market; Secondary School Curriculum; Investment; Educational Policy; Intellectual Disciplines; Outcomes of Education; Employment Potential; Educational Demand; Career Choice; Models; Economics; Correlation + Suchen Sie Ihr Suchwort? Humankapital; High school; Oberschule; Labour market; Arbeitsmarkt; Investments; Geldanlage; Investiton; Politics of education; Bildungspolitik; Geisteswissenschaften; Lernleistung; Schulerfolg; Arbeitsmarktbezogene Qualifikation; Beschäftigungsfähigkeit; Bildungsanforderung; Bildungsnachfrage; Analogiemodell; Volkswirtschaftslehre; Korrelation
Abstract	Motivated by the large differences in labor market outcomes across college majors, we survey the literature on the demand for and return to high school and post-secondary education by field of study. We combine elements from several papers to provide a dynamic model of education and occupation choice that stresses the roles of specificity of human capital and uncertainty about preferences, ability, education outcomes, and labor market returns. The model implies an important distinction between the ex ante and ex post returns to education decisions. We also discuss some of the econometric difficulties in estimating the causal effects of field of study on wages in the context of a sequential choice model with learning. Finally, we review the empirical literature on choice of curriculum and the effects of high school courses and college major on labor market outcomes. (As Provided).
Anmerkungen	National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10