Human Capital Investments and Expectations about Career and Family
成果类型：
Article
署名作者：
Wiswall, Matthew; Zafar, Basit
署名单位：
University of Wisconsin System; University of Wisconsin Madison; University of Michigan System; University of Michigan
刊物名称：
JOURNAL OF POLITICAL ECONOMY
ISSN/ISSBN：
0022-3808
DOI：
10.1086/713100
发表日期：
2021
页码：
1361-1424
关键词：
摘要：
We conducted a survey of high-ability college students and elicited beliefs about how their choice of major, and of whether to complete their degree, would affect an array of future events: earnings, employment, marriage prospects, potential spousal characteristics, and fertility. We find that students perceive large returns to human capital not only in their own future earnings but also in other dimensions (e.g., potential spouse's earnings and fertility). We find evidence of students sorting into majors on the basis of these perceived returns. Family expectations are particularly important for female students' major choices. In a follow-up survey conducted 6 years after the initial data collection, we find a close connection between expectations and current realizations.
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