Why Too Few Students Do Maths and Science
CEPS Policy Brief No. 313
6 Pages Posted: 21 Jan 2014
Date Written: January 10, 2014
Policy-makers often fret about the low number of university graduates in the fields of science, technology, engineering and mathematics (STEM). Proposed solutions often focus on providing better information for students and parents about the employability or average wages of different fields to emphasise that STEM professions pay. This paper argues that, from a personal point of view, students are actually making rational decisions, if all benefits and costs are factored into the equation. The authors conclude, therefore, that public policy needs to change the incentives to induce students to enter these fields and not just provide information about them.
Keywords: science, technology, engineering, mathematics, STEM, university, students
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