Ex Ante Returns and Occupational Choice
Ex Ante Returns and Occupational Choice
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DOI：
10.1086/710559
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发表时间：
2020-12-01
影响因子：
8.2
通讯作者：
Romano, Teresa
中科院分区：
文献类型：
--
作者：
Arcidiacono, Peter;Hotz, V. Joseph;Romano, Teresa
利用杜克大学本科生的数据，我们对文献做出了三个主要贡献。首先，我们表明，收入信念和选择特定职业的概率的数据是高度翔实的未来收入和职业。其次，我们展示了如何信念数据可以用来恢复事前治疗效果及其与个人选择的关系。我们发现不同职业的预期收入存在很大差异，并提供了对预期收益进行排序的证据。最后，非金钱因素也发挥了重要作用，相当一部分人愿意放弃大量收入，不选择收入最高的职业。
Using data from Duke University undergraduates, we make three main contributions to the literature. First, we show that data on earnings beliefs and probabilities of choosing particular occupations are highly informative of future earnings and occupations. Second, we show how beliefs data can be used to recover ex ante treatment effects and their relationship with individual choices. We find large differences in expected earnings across occupations and provide evidence of sorting on expected gains. Finally, nonpecuniary factors play an important role, with a sizable share of individuals willing to give up substantial amounts of earnings by not choosing their highest-paying occupation.