| Autor: |
Ost, Ben, Weixiang Pan, Webber, Douglas |
| Předmět: |
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| Zdroj: |
Working Papers: U.S. Federal Reserve Board's Finance & Economic Discussion Series; Apr2024, p1-28, 29p |
| Abstrakt: |
We examine how a student's field of degree and institution attended contribute to the labor market outcomes of young graduates. Administrative panel data that combines student transcripts with matched employer-employee records allow us to provide the first decomposition of premia into individual and firm-specific components. We find that both major and institutional premia are more strongly related to the firm-specific component of wages than the individual-specific component of wages. On average, a student's major is a more important predictor of future wages than the selectivity of the institution attended, but major premia (and their relative ranking) can differ substantially across institutions, suggesting the importance of program-level data for prospective students and their parents. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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