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dc.contributor.authorKirkebøen, Lars Johannessen
dc.contributor.authorLeuven, Edwin
dc.contributor.authorMogstad, Magne
dc.coverage.spatialNorwaynb_NO
dc.date.accessioned2019-11-11T10:25:16Z
dc.date.available2019-11-11T10:25:16Z
dc.date.issued2015-01
dc.identifier.issn1892-753X
dc.identifier.urihttp://hdl.handle.net/11250/2627653
dc.description.abstractWhy do individuals choose different types of post-secondary education, and what are the labor market consequences of those choices? We show that answering these questions is difficult because individuals choose between several unordered alternatives. Even with a valid instrument for every type of education, instrumental variables estimation of the payoffs require information about individuals' ranking of education types or strong additional assumptions, like constant effects or restrictive preferences. These identification results motivate and guide our empirical analysis of the choice of and payoff to field of study. Our context is Norway's post-secondary education system where a centralized admission process covers almost all universities and colleges. This process creates credible instruments from discontinuities which effectively randomize applicants near unpredictable admission cutoffs into different fields of study. At the same time, it provides us with strategy-proof measures of individuals' ranking of fields. Taken together, this allows us to estimate the payoffs to different fields while correcting for selection bias and keeping the next-best alternatives as measured at the time of application fixed. We find that different fields have widely different payoffs, even after accounting for institutional differences and quality of peer groups. For many fields the payoffs rival the college wage premiums, suggesting the choice of field is potentially as important as the decision to enroll in college. The estimated payoffs are consistent with individuals choosing fields in which they have comparative advantage. We also test and reject assumptions of constant effects or restrictive preferences, suggesting that information on next-best alternatives is essential to identify payoffs to field of studynb_NO
dc.language.isoengnb_NO
dc.publisherStatistisk sentralbyrånb_NO
dc.relation.ispartofseriesDiscussion papers;794
dc.subjectJEL classification: J24nb_NO
dc.subjectJEL classification: J31nb_NO
dc.subjectJEL classification: C31nb_NO
dc.titleField of study, earnings and selfselectionnb_NO
dc.typeWorking papernb_NO
dc.description.versionpublishedVersionnb_NO
dc.subject.nsiVDP::Matematikk og Naturvitenskap: 400::Matematikk: 410::Statistikk: 412nb_NO
dc.source.pagenumber69nb_NO


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