The role of heterogeneous risk preferences, discount rates, and earnings expectations in college major choice

DOI10.1016/J.JECONOM.2020.04.050OpenAlexW3140525780WikidataQ114161732 ScholiaQ114161732MaRDI QIDQ2088269

Matthew Wiswall, Joanna Venator, Arpita Patnaik, Basit Zafar

Publication date: 21 October 2022

Published in: Journal of Econometrics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jeconom.2020.04.050

zbMATH Keywords

uncertaintyrisk preferencessubjective expectationstime preferencescollege majors

Mathematics Subject Classification ID

Statistics (62-XX) Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

• Testing slope homogeneity in large panels
• Eliciting individual discount rates
• Ability sorting and the returns to college major
• GROUP DECISION MAKING WITH UNCERTAIN OUTCOMES: UNPACKING CHILD-PARENT CHOICE OF THE HIGH SCHOOL TRACK
• Smoothness and Convex Area Functionals—Revisited
• Eliciting Risk and Time Preferences
• Identifying idiosyncratic career taste and skill with income risk
• Determinants of College Major Choice: Identification using an Information Experiment
• Preference for the Workplace, Investment in Human Capital, and Gender*
• Identifying Dynamic Discrete Decision Processes

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