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The effect of changes in the skill premium on college degree attainment and the choice of major
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Abramitzky, Ran, Lavy, Victor and Segev, Maayan (2022) The effect of changes in the skill premium on college degree attainment and the choice of major. Journal of Labor Economics . doi:10.1086/722565 ISSN 0734-306X.
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Official URL: https://doi.org/10.1086/722565
Abstract
We study the impact of financial incentives on higher education decisions and the choice of major. We rely on a reform whereby Israeli kibbutzim shifted from their traditional policy of equal sharing to productivity-based wages, using for identification the staggered implementation of this reform.
In this setting of very low initial returns to education, we find that the dramatic increase in the rate of return and its sharp variation across fields of study led to a large increase in the probability of receiving a Bachelor’s degree, especially in STEM fields of study that are expected to yield higher financial returns. men and women.
Item Type: | Journal Article | ||||||||
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Journal or Publication Title: | Journal of Labor Economics | ||||||||
Publisher: | University of Chicago Press | ||||||||
ISSN: | 0734-306X | ||||||||
Official Date: | 2022 | ||||||||
Dates: |
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DOI: | 10.1086/722565 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | © 2022 by University of Chicago Press. Accepted for publication by Journal of Labor Economics by Journal of Labor Economics on 06/09/2022 | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 27 September 2022 | ||||||||
Date of first compliant Open Access: | 15 September 2023 |
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