american economic journal applied economics 2022 14 2 1 22 https doi org 10 1257 app 20200447 will studying economics make you rich a regression discontinuity analysis of the returns ...
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...American economic journal applied economics https doi org app will studying make you rich a regression discontinuity analysis of the returns to college major by zachary bleemer and aashish mehta we investigate wage return leverag ing policy that prevented students with low introductory grades from declaring who barely met grade point average threshold in earned per cent higher annual early career wages than they would have their second choice majors access shifts preferences toward business finance careers about half is explained working paying industries causal majoring econom ics very similar observational earnings differences nationally representative data jel i j forty year old us workers undergraduate degrees median comparison those had majored other social sciences graduates any relative lower premiums high w age like engineering nursing are size gap between nongraduates altonji blom meghir these gaps motivated large literature examining determinants stu dents choices zafar stang...