Ex Ante Returns and Occupational Choice
Bibliographic Data
| ID | 10179779 |
|---|---|
| Authors | Peter Arcidiacono (0009-0009-7392-9770, National Bureau of Economic Research), Joseph Hotz (0000-0002-6958-3318, National Bureau of Economic Research), Arnaud Maurel (National Bureau of Economic Research), Teresa Romano (0000-0002-3375-0065, Aletheia University) |
| Year | 2020 |
| Volume | 128 |
| Issue | 12 |
| Pages | 4475-4522 |
| Publication date | 2020-06-29 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/710559 |
| OpenAlex | W3039845676 |
| Language | EN |
| Citations received | 18 |
| References cited | 38 |
Using data from Duke University undergraduates, we make three main contributions to the literature. First, we show that data on earnings beliefs and probabilities of choosing particular occupations are highly informative of future earnings and occupations. Second, we show how beliefs data can be used to recover ex ante treatment effects and their relationship with individual choices. We find large differences in expected earnings across occupations and provide evidence of sorting on expected gains. Finally, nonpecuniary factors play an important role, with a sizable share of individuals willing to give up substantial amounts of earnings by not choosing their highest-paying occupation
Earnings · Econometrics · Economics · Ex-ante · Sorting · Computer Science · Finance · Financial Literacy, Pension, Retirement Analysis · Financial Markets and Investment Strategies · Monetary Policy and Economic Impact
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Heterogeneous Major Preferences for Extrinsic Incentives
Perceived and actual option values of college enrollment
Earnings Expectations and Educational Sorting
Gender differences in wage expectations
Gender gaps in early wage expectations
Expecting less in hard times
Hitting where it hurts most
Early specialization in higher education and labor market outcomes
Young Lives, Interrupted
Human Capital Investments and Expectations about Career and Family
Occupational mismatch and market power
Covid-19 lockdowns and children’s health and well-being
Why Do You Want to Be a Teacher? A Natural Language Processing Approach
Fertility Beliefs and Outcomes
Labour Market Expectations and Occupational Choice
Opening the black box of college major choice
Determinants of College Major Choice
Lawrence R. Klein Lecture Estimating Distributions of Treatment Effects with an Application to the Returns to Schooling and Measurement of the Effects of Uncertainty on College Choice
Evaluation of the Subjective Probabilities of Survival in the Health and Retirement Study
Measuring Expectations
Ability sorting and the returns to college major
Modeling college major choices using elicited measures of expectations and counterfactuals
College Major Choice and the Gender Gap
Choosing the Field of Study in Postsecondary Education
Education choices and returns to schooling
Job Matching and Occupational Choice
The Career Decisions of Young Men
Returns to Education
The Generalized Roy Model and the Cost-Benefit Analysis of Social Programs
The Predictive Validity of Subjective Probabilities of Survival
| Unique citing works | 18 |
|---|---|
| Citations per year | 3 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 18 |