TY - JOUR
T1 - Microeconomics of College Choice, Careers, and Wages
AU - Behrman, Jere
AU - Kletzer, Lori
AU - McPherson, Michael
AU - Schapiro, Morton Owen
N1 - Funding Information:
. Historical Political Economy 20 ( 4 ): 615 - 625 . National Academy of Sciences . 1995. Reshaping the Graduate Education of Scientists and Engineers . Washington, DC : National Academy Press . National Research Council . 1979. Research Excellence Through the Year 2000: The Importance of Maintaining a Flow of New Faculty into Academic Research . Washington, DC : National Academy of Sciences . National Science Board . 1993. Science and Engineering Indicators—1993 . Washington, DC : Government Printing Office . National Science Foundation . 1988. Doctoral Scientists and Engineers: A Decade of Change . Washington, DC : National Science Foundation . National Science Foundation . 1994. Characteristics of Doctoral Scientists and Engineers in the United States: 1991 . NSF #94-307. Arlington, VA : National Science Foundation . Stapleton, David C. 1989 .
PY - 1998/9
Y1 - 1998/9
N2 - Understanding the economic payoff to human capital investments is very important from the standpoint both of individuals and of society. However, this article argues that correctly estimating these impacts necessitates having a well-developed idea of the microeconomic determinants of human behavior. Without this, empirical analyses of such topics as career choice, college choice, or wage determination will be flawed. The authors begin the article with a discussion of why these choice models are important—using examples of similar attempts that do not capture sufficient information—and illustrate their usefulness in a variety of contexts. They also describe the results of their attempts to examine college choice using microeconomic models.
AB - Understanding the economic payoff to human capital investments is very important from the standpoint both of individuals and of society. However, this article argues that correctly estimating these impacts necessitates having a well-developed idea of the microeconomic determinants of human behavior. Without this, empirical analyses of such topics as career choice, college choice, or wage determination will be flawed. The authors begin the article with a discussion of why these choice models are important—using examples of similar attempts that do not capture sufficient information—and illustrate their usefulness in a variety of contexts. They also describe the results of their attempts to examine college choice using microeconomic models.
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U2 - 10.1177/0002716298559001002
DO - 10.1177/0002716298559001002
M3 - Article
AN - SCOPUS:0032336927
SN - 0002-7162
VL - 559
SP - 12
EP - 23
JO - The Annals of the American Academy of Political and Social Science
JF - The Annals of the American Academy of Political and Social Science
IS - 1
ER -