Working Paper: NBER ID: w27645
Authors: Arpita Patnaik; Matthew J. Wiswall; Basit Zafar
Abstract: This article reviews the recent literature on the determinants of college major choices. We first highlight long-term trends and persistent differences in college major choices by gender, race, and family background. We then review the existing research in six key areas: expected earnings and ability sorting, learning, subjective expectations, non-pecuniary considerations, peer and family effects, and supply side factors. We examine and compare the various approaches employed by previous research and highlight key areas for future research.
Keywords: No keywords provided
JEL Codes: D81; D84; I21; I23; J10
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| expected future earnings (G17) | major selection (C52) |
| gender and family background (I24) | major selection (C52) |
| enjoyment of coursework and parental approval (I29) | major selection (C52) |
| expected future earnings (G17) | STEM major selection (C87) |