What Do Economics Majors Do and What Do They Earn When They Do it?

18 Pages Posted: 21 Nov 2013

See all articles by Djeto Assane

Djeto Assane

University of Nevada, Las Vegas - College of Business - Center for Business and Economic Research

Assane Djeto

University of Nevada, Las Vegas

Thomas M. Carroll

University of Nevada, Las Vegas - College of Business - Department of Economics

Date Written: November 19, 2013

Abstract

This paper uses a recent and rich data set to examine the effect of economics major on individual earnings controlling for personal, occupation, and industry characteristics. We found a pronounced positive earnings gain for economics major relative to other majors; this advantage increases as the major’s level of education increases. We document that roughly half of the earnings advantage can be attributed to access to higher paying occupations and half of the advantage reflects higher pay for economics majors within occupations. Overall, these findings concur with Black et al. (2003).

Keywords: College Education, Economics Majors, Earnings

JEL Classification: J31

Suggested Citation

Assane, Djeto and Djeto, Assane and Carroll, Thomas M., What Do Economics Majors Do and What Do They Earn When They Do it? (November 19, 2013). Available at SSRN: https://ssrn.com/abstract=2357042 or http://dx.doi.org/10.2139/ssrn.2357042

Djeto Assane (Contact Author)

University of Nevada, Las Vegas - College of Business - Center for Business and Economic Research ( email )

Las Vegas, NV 89154
United States

Assane Djeto

University of Nevada, Las Vegas ( email )

4505 S. Maryland Parkway
Las Vegas, NV 89154
United States

Thomas M. Carroll

University of Nevada, Las Vegas - College of Business - Department of Economics ( email )

4505 S. Maryland Parkway
Las Vegas, NV 89154
United States
702-895-3776 (Phone)
702-895-1354 (Fax)

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